Economic crisis in the Middle East: No liquid Gold in Beirut

In Lebanon, they are now looking for Oil. The rescue is supposed to be in the economic crisis, but it is a false prophecy. Lebanon dream of the black Gold: Öl

Economic crisis in the Middle East: No liquid Gold in Beirut

In Lebanon, they are now looking for Oil. The rescue is supposed to be in the economic crisis, but it is a false prophecy.

Lebanon dream of the black Gold: Ölbohrschiff off the coast near photo: Dalati Nohra/reuters

Solemnly Beirut, the Lebanese President, Michel Aoun, has celebrated in the last week, the commissioning of a Bohrschiffes in the Mediterranean sea: "The dream that we have all of us painted, is today a reality."

However, this dream dates back to the 20. Century, and is a false prophecy. With Oil and Gas money, to gush, to help Lebanon out of economic crisis. Already is in the Arab country, you live like the Saudis in the lap of luxury, with fancy Cars, and towers of glass. A Vision, who wanted to make the former Minister Hariri family, with close ties to Saudi Arabia – with their neo-capitalist policy in Lebanon.

This policy, in the case of the banks, fat skimmed and developers*interior mass of empty towers built on the old policy will hold to a view of the sea, has led the country to the brink of national bankruptcy. The Celebration of the exploration drilling on the drillship "Tungsten Explorer" as a "historic day" shows that the Lebanese Elite has learned, despite four months of protests of the population and of the old policy holds.

The people want Jobs and an end to the corruption in the Oil and Gas will not be able to meet them. The sector creates hardly any jobs and the experience of the Arab neighbors shows that oil is fuelling conflict and corruption.

Saudi Arabia, the economy looks elite in Lebanon, so jealous, is struggling to diversify its economy. This would also be the Lebanon good, because the country is dependent on expensive food and medicine imports, its economy produces very little itself.

Oil and Gas will not be able to save Lebanon's economy. The probability that the first Reconnaissance at all a source is found, it is only 25 percent – and even then it would take another nine years until the recovery begins. The Illusion of liquid gold as a blessing to give, but seems easier than to dedicate himself to the reality.

Date Of Update: 05 March 2020, 17:00
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