Why You Should Care

Because the world’s largest oil producer will soon run out of the “good sh*t.” How Saudi Arabia handles the transition will be a case study for future students everywhere. 
Saudi Arabia, the Middle East’s biggest economy and the world’s largest oil producer, is running out of its black gold. Some estimate that the wells will run dry as early as 2030. That’s a huge deal. Oil revenue reached $312 billion this year and accounts for almost half the economy and 90 percent of export revenue. It also makes the kingdom the Persian Gulf’s economic powerhouse.