Boom Times In The Gulf

From The Economist:

For Gulf oil producers, boom times are back, with a fury unseen since the oil-price shocks of the 1970s. In 2003, the six Arab monarchies that make up the Gulf Co-operation Council sold some $145 billion-worth of oil and gas. At current prices, that total looks set, this year, to double. The value of Saudi oil exports since 2002 has equalled oil revenue for the whole of the 1990s...