{"id":1256,"date":"2015-09-09T06:42:48","date_gmt":"2015-09-09T06:42:48","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=1256"},"modified":"2015-09-09T06:42:48","modified_gmt":"2015-09-09T06:42:48","slug":"the-united-arab-emirates-crude-oil","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1256","title":{"rendered":"The United Arab Emirates: Crude Oil"},"content":{"rendered":"<p>The United Arab Emirates, a geographically small collection of states such as Dubai, Abu Dhabi etc., and yet it <strong>holds 5.8% of world&#8217;s oil<\/strong>.<br \/>\nHome to one of the largest investment companies, the Abu Dhabi Investment Authority, the nation\u2019s sovereign wealth fund. It has cleverly used it oil&#8217;s wealth to build this investment fund.<\/p>\n<p>Today, the UAE has proven reserves of <em><strong>97.8 Thousand Million Barrels of Crude Oil<\/strong><\/em>.<\/p>\n<p>What is that worth ?<\/p>\n<p>97.8 Thousand Million Barrels = 97.8 x 1000, 1,000,000 = <strong>97,800,000,000<\/strong><\/p>\n<p>Now crude oil today is trading at $47.74 =<strong>\u00a331.00<\/strong><\/p>\n<p>Thus:-<\/p>\n<p>97,800,000,000 x \u00a331.00 = <strong>\u00a33,031,800,000,000<\/strong><\/p>\n<p>\u00a33,031 Billion = <strong>\u00a33.03 Trillion<\/strong>.<br \/>\nThat is about 200% of the UK annual GDP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United Arab Emirates, a geographically small collection of states such as Dubai, Abu Dhabi etc., and yet it holds 5.8% of world&#8217;s oil. Home to one of the largest investment companies, the Abu Dhabi Investment Authority, the nation\u2019s sovereign wealth fund. It has cleverly used it oil&#8217;s wealth to build this investment fund. Today, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1256","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1256"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1256\/revisions"}],"predecessor-version":[{"id":1258,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1256\/revisions\/1258"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}