this post was submitted on 03 Jun 2025
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Microblog Memes

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A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

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[–] Ilovethebomb@lemm.ee 160 points 4 days ago (3 children)

Also all the oil money.

Mostly the oil money, I think.

[–] Venator@lemmy.nz 1 points 1 day ago

Selling oil is also not woke.

[–] PanArab@lemm.ee 19 points 4 days ago (1 children)

I assure you they are not rich because of oil anymore than they are rich because of pearl.

https://en.wikipedia.org/wiki/Economy_of_Dubai

[–] finitebanjo@lemmy.world 10 points 4 days ago

Even if the oil is only 1% of GDP recently it was still 50% of GDP back when they were building all of their ports, airlines, banks, and hotels. They've also proven as recently as 2020 that they can flood the market with so much oil that it dips into negative cosr per barrel in other nations like the USA and Russia.