Nelson, Craig,
While You're Paying This.... Craig Nelson. - Atlanta Journal-Constitution, 2005. - SIRS Enduring Issues 2006. Article 71, Environment, 1522-3205; .
Articles Contained in SIRS Enduring Issues 2006. Originally Published: While You're Paying This..., March 27, 2005; pp. A1+.
"Snow skiing in the desert? Sure. The world's tallest building and largest shopping mall? Build them. An undersea luxury hotel? Why not? Seemingly nothing is impossible these days in this desert kingdom [Dubai, United Arab Emirates] on the northern coast of Arabia. The biggest oil price boom of a generation is under way, proving wildly wrong predictions by the U.S. Department of Energy last year [2004] that oil prices would decline to $23.57 a barrel. Instead, prices hit all-time highs last week [March 2005], with light crude topping $56.46 a barrel in New York--a whopping 50 percent increase from a year earlier--and some analysts are saying the days of $80-a-barrel may not be far off." (ATLANTA JOURNAL-CONSTITUTION) This article discusses how Dubai's economy is "being transformed by the world's--particularly China's and India's--thirst for oil," noting that "Dubai's freewheeling economic vision...has proved a magnet for investments by the newly oil-wealthy."
1522-3205;
Hotels
Luxuries
Petroleum industry and trade
Petroleum products--Prices
Dubai (United Arab Emirates)
Persian Gulf Region--Economic conditions
United Arab Emirates--Description and travel
AC1.S5
050
While You're Paying This.... Craig Nelson. - Atlanta Journal-Constitution, 2005. - SIRS Enduring Issues 2006. Article 71, Environment, 1522-3205; .
Articles Contained in SIRS Enduring Issues 2006. Originally Published: While You're Paying This..., March 27, 2005; pp. A1+.
"Snow skiing in the desert? Sure. The world's tallest building and largest shopping mall? Build them. An undersea luxury hotel? Why not? Seemingly nothing is impossible these days in this desert kingdom [Dubai, United Arab Emirates] on the northern coast of Arabia. The biggest oil price boom of a generation is under way, proving wildly wrong predictions by the U.S. Department of Energy last year [2004] that oil prices would decline to $23.57 a barrel. Instead, prices hit all-time highs last week [March 2005], with light crude topping $56.46 a barrel in New York--a whopping 50 percent increase from a year earlier--and some analysts are saying the days of $80-a-barrel may not be far off." (ATLANTA JOURNAL-CONSTITUTION) This article discusses how Dubai's economy is "being transformed by the world's--particularly China's and India's--thirst for oil," noting that "Dubai's freewheeling economic vision...has proved a magnet for investments by the newly oil-wealthy."
1522-3205;
Hotels
Luxuries
Petroleum industry and trade
Petroleum products--Prices
Dubai (United Arab Emirates)
Persian Gulf Region--Economic conditions
United Arab Emirates--Description and travel
AC1.S5
050