The Gulf Arab states became rich by accident. Their golden ticket was oil, which has become the lifeblood of their social and economic systems. Life After Oil highlights the economic vulnerability of the Gulf states after the oil party ends.
The perception across the Gulf region is that the oil windfall will continue. However, when demand for oil sinks and prices plummet, or when oil and gas reserves ultimately vanish, it will be a different story. This crucial fact is not receiving enough attention in the region, or indeed globally, and it is the absence of non-oil export diversification which is the primary reason why the future is not looking good for the import-dependent Gulf states. It is these areas that Life After Oil addresses and highlights.