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Wednesday, February 13, 2008 3:20 AM


Where Is All The Oil Money Going?


Inquiring minds might just be wondering where all the oil money is going. Let's take a look at the answer with a set of really amazing pictures.

Dubai in 1990



The same street in 2003



Dubai 2007



Dubai is said to currently have 15-25% of all the world's cranes.



The Dubai Waterfront.

When completed it will become the largest waterfront development in the world.
All of this was built in the last 5 years.



The Palm Islands in Dubai

New Dutch dredging technology was used to create these massive man made islands. They are the largest artificial islands in the world and can be seen from space. Three of these Palms will be made with the last one being the largest of them all.




The Palm Islands in Dubai

Upon completion, the resort will have 2,000 villas, 40 luxury hotels, shopping centers, movie theaters, and many other facilities. It is expected to support a population of approximately 500,000 people. It is advertised as being visible from the moon.



The Palm Islands in Dubai



The World Islands

300 artificially created islands in the shape of the world.
Each island will have an estimated cost of $25-30 million.





The Al-Arab hotel in Dubai

The worlds tallest hotel. Considered the only '7 star' hotel and the most luxurious hotel in the world. It stands on an artificial island in the sea.





Hydropolis, the world's first underwater hotel

Entirely built in Germany and then assembled inDubai, it is scheduled to be completed by 2009 after many delays.





The Burj Dubai

Construction began in 2005 and is expected to be complete by 2008. At an estimated height of over 800 meters, it will easily be world's tallest building when finished. It will be almost 40% taller than the the current tallest building, the Yaipei 101.





Downtown Dubai rendition 2008-2009

More than 140 stories of the Burj Dubai have already been completed. It is already the worlds tallest man made structure and it is still not scheduled to be completed for at least another year.





The Al Burj

This will be the centerpiece of the Dubai Waterfront. Once completed it will take over the title of the tallest structure in the world from the Burj Dubai.





The Burj al Alam or The World Tower

Upon completion it will rank as the world's highest hotel. It is expected to be finished by 2009. At 480 meters it will only be 28 meters shorter than the Taipei 101.




The Trump International Hotel & Tower

The Trump Tower will be the centerpiece of one of the palm islands, The Palm Jumeirah.



Dubailand

Currently, the largest amusement park collection in the world is Walt Disney World Resort in Orlando, which is also the largest single-site employer in the United states with 58,000 employees. Dubailand will be twice the size. Dubailand will be built on 3 billion square feet (107 miles) at an estimated $20 billion price tag. The site will include a purported 45 mega projects and 200 hundred other smaller projects.



Dubailand Rendition



Dubailand Site Location




Dubai Sports City

A huge collection of sports arenas located in Dubailand.




Currently, the Walt Disney World Resort is the #1 tourist destination in the world. Once fully completed, Dubailand will easily take over that title since it is expected to attract 200,000 visitors daily.



The Dubai Marina

The marina is an entirely man made development that will contain over 200 highrise buildings when finished. It will be home to some of the tallest residential structures in the world. The completed first phase of the project is shown.

Most of the other high rise buildings will be finished by 2009-2010. The Dubai Mall will be the largest shopping mall in the world with over 9 million square feet of shopping and around 1000 stores.



Ski Dubai

Ski Dubai already open, is the largest indoor skiing facility in the world. This is a rendered image of another future indoor skiing facility that is being planned.

Some of the tallest buildings in the world, such as Ocean Heights and The Princess Tower, which will be the largest residential building in the world at over a 100 stories, will line the DubaiMarina.




Other Facilities (Not Shown)

The UAE Spaceport would be the first spaceport in the world if construction ever gets under way.

The Dubai Metro system will become the largest fully automated rail system in the world.

The Dubai World Central International Airport will become the largest airport in size when it is completed. It will also eventually become the busiest airport in the world, based on passenger volume.

There are more construction workers in Dubai than there are actual citizens.

Disclaimers and Credits

This amazing set of images came from a reputable source. It is impossible to know if any have been doctored in Photoshop but a check on Snopes shows these are likely to be the real deal. Obviously some are artists renditions.

Snopes Check

Ski Dubai Snopes

Infinity Tower Snopes

Solid Silver Car Snopes



Not solid silver but it sure looks like it.

Sky Tennis Snopes

Andre Agassi plays sky tennis








Final Thoughts


The next time you drive into a gas station, thank Bush for the war that helped make all this possible. Thank Bush for all those sorties and combat ships that use all that fuel. Thank Bush for the fact that there is less oil coming out of Iraq today than there was seven years ago. Thank Bush for the policies of fear, intimidation, and strike first ask questions later that keeps the Mideast in a constant state of stress and adds to the price of oil.

The Public Has Finally Caught On

The fake fiscal conservatives who supported Bush and this stupid war, the fake fiscal conservatives who supported Bush's insane military spending, and the fake Republican conservatives that supported numerous other Bush insanities in clear violation of the constitution brought this all about.

And as amazing as it seems, the public has finally figured out that Bush's policies in the Mideast are a significant part of the reason why the dollar is collapsing and oil prices are soaring.

That realization is why Obama Will Be The Next President Of The United States.

Click on the above link to see actual Poll results of what people think we need to do to help the economy.

The Ron Paul Revolution Marches On

For the record, I still support the Ron Paul cause. Ron Paul's efforts to redirect and save the Republican Party and nation, should be applauded and supported.

In his video, Ron Paul is asking for a March on Washington. He's hoping for a miracle at the convention, and barring that, he's laying important groundwork for the future.

Ron Paul is the only true fiscal conservative that I can find in either party. Play the video. Become involved. Be a part of the solution. Hat tip to "Wade" for the link.

The final analysis shows however, that this election is coming down between Obama and McCain. The final analysis also shows this country cannot possibly take four more years of the same policies we have suffered with for the last eight.

And while everyone is pondering that, it's time for a sing along. I'm sure most of you will know the tune.

Where have all the dollars gone?

The next time you fill up with gas remember those pictures and sing this song....

Where have all the dollars gone?
Long time passing
Where have all the dollars gone?
Long long time ago
Where have all the dollars gone?
Gone to Dubai every one
When will they ever learn?
When will they ever learn?

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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