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Saudi Arabia’s Oil Problem
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Saudi Arabia’s Oil Problem

Wendover Productions
Wendover Productions, 2021
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Editorial Rating

10

Qualities

  • Eye Opening
  • Background
  • Hot Topic

Recommendation

The transition from fossil fuels to alternative sources of energy is going to require major adaptation for everyone. For countries like Saudi Arabia, with an economy based on oil production, the transition is likely to be particularly intense. This concise and informative Wendover Productions video explains Saudi Arabia’s history, how recent events have influenced oil prices, and what Saudi Arabia will have to do to cultivate economic activities that don’t rely on oil.

Take-Aways

  • Saudi Arabia has benefited from about 80 years of high oil demand.
  • Oil price volatility means Saudi Arabia needs to overhaul its economy.
  • Businesses are leery of operating in Saudi Arabia due to human rights concerns. To attract foreign investment, leadership will have to go beyond surface reform.

About the Speaker

Sam Denby is the creator of Wendover Productions, an educational YouTube channel with over three million subscribers.

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