Re: Easy mistake to make?
"And once all that magical black stuff is pumped out of their ground, they'll quickly revert to being a third-world shit-hole again, and can go back to killing each other without threat of Western interference."
Unlike most of the "West" most of the big Arab oil producers are planning and investing for that time. Massive investment in property and industry all over the world and huge investments in local tourism industry. That may or may not be a long term solution, it depends on how well they manage it. Or if just the top dogs cream off the top and leave the rest of the people to fight over what's left.