Recipe for Disaster in the Middle East
Gas may be cheap again, but the bursting of the petro bubble has sent unemployment soaring to 40 percent among Middle Easterners 15 to 24 years old, stirring unrest. Dubai's airport parking lots are littered with abandoned cars as foreign nationals flee. Egypt, with half a million newly unemployed headed home from abroad, could see a repeat of last year's bloody economic riots.Gas may be cheap again, but the bursting of the petro bubble has sent unemployment soaring to 40 percent among Middle Easterners 15 to 24 years old, stirring unrest. Dubai’s airport parking lots are littered with abandoned cars as foreign nationals flee. Egypt, with half a million newly unemployed headed home from abroad, could see a repeat of last year’s bloody economic riots.
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The Pacific island nation is seeking $35 billion to protect against sea-level rise and prevent a mass exodus.
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It remains to be seen how many people were arrested, injured or killed.
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