61. Until the oil boom began, the inhabitants lived mostly by fishing and pearling. 62. Why go scraping around under the cherished castle while Britain is enjoying a North Sea oil boom? 63. With oil booms over, Chavez vows to attack bloated bureaucracy. 64. High earnings during the oil boom enabled Gulf Arab states to turn their desert oases into modern cities and build up a massive investment empire abroad. 65. A persistent budget deficit has compelled Riyadh to withdraw on the massive overseas reserves it built up during the oil boom. 66. As a result, the combined Arab GDP fell sharply in comparison to the world GDP after the oil boom despite its increase in current prices. 67. Fahim recalled his amazement at discovering air conditioners and elevators in Bahrain, which along with Gulf neighbors Saudi Arabia and Kuwait experienced the oil boom before Abu Dhabi. 68. The projected expenditure on infrastructure over the next decade is a fraction of the development spending by the six members during the oil boom. 69. It will be their highest income since the end of the oil boom. 70. The lure of supposedly easy money quickly obtained from the oil boom triggered an exodus from rural areas to the big cities, notably the economic capital Lagos. |
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