The Importance of Natural Resources

I was shocked by that Saudi Arabia number because I sort of had the impression that they were, I think of Saudi Arabia as a wealthy country. Israel's standard of living is higher than Kuwait's. Israel has no oil. Kuwait has oil. Nigeria has a fair amount of oil. But you know, if you're spending your time shooting each other, you're going to spend a journey for oil. It's not going to do you a lot of good.