Oil Promises – How Oil Changed a Country

Oil, a viscous, flammable liquid found beneath the Earth's surface, holds immense power to transform nations. The discovery of oil in a country can usher in a wave of economic prosperity and societal change. A prime example is Saudi Arabia, where oil has catapulted the nation from a modest desert kingdom to a global economic powerhouse. Since the mid-20th century, oil revenues have funded ambitious infrastructure projects, catapulted Saudi Arabia into the modern era, and elevated its geopolitical standing. However, this newfound wealth has also brought challenges, including income inequality, social disparities, and an over-reliance on a single resource. The story of Saudi Arabia serves as a stark reminder of both the promises and perils that accompany oil wealth.