Yemen is toast

[PressCoverage]

hi all... "purveyor of fear" here again, with a Peak Oil update

Yemen 'faces crisis as oil ends'

BBC NEWS | Middle East | Yemen 'faces crisis as oil ends'

By Martin Plaut
BBC News

Experts predict Yemen's oil and gas revenues are about to plummet
Yemen is facing an economic and political crisis as the country's oil resources near exhaustion, a report by a London-based think-tank says.

The Royal Institute for International Affairs warns that instability there could expand a zone of lawlessness from northern Kenya to Saudi Arabia.

It describes Yemen's democracy as "fragile" and points to armed conflicts with Islamists and tribal insurgents.

One diplomat says that the country's prospects get worse every month.
The World Bank predicts that Yemen's oil and gas revenues will plummet over the next two years and fall to zero by 2017 as supplies run out.

Given that they provide around 90% of the country's exports, this could be catastrophic. An unnamed energy expert is quoted in the report as saying that this points to economic collapse within four of five years time.

[Miamian]

They'll be joining Venezuela, Russia, and Iran. We've seen this coming. Russia will probably start selling it's defense systems more aggressively.

[jguig]

The problem I see here is that history has shown time and again that countries that have severe economic instability often become breeding grounds for civil unrest and/or volitale and violent poliitical leadership. That's how Hitler got his start, for example.

[CedarPhin]

Yemen never acted like a real country anyway. Never enforced their borders, etc.