I knew the oil exporting countries of the world ad a positive balance of trade, but I didn't realize it amounted to nearly 20% GDP.
If there is any solace in this figure it will do two things;
1. Give progressively more capitalist sovereignties like Abu Dhabi the cash they need to westernize and modernize their economies thus fighting terrorism by providing a more stable economy.
2. Provide the cash they need to buy cheap foreign assets and maybe bolster stock markets and property prices here.