I don't think Oil will affect Qatar seeing as

1) The price of oil where it is just gives Qatar bonus profits, it can succeed if oil is at a much lower price.

2) Qatar is a Gas based economy.

Qatar will feel the pinch, and it'll be to the high inflation and slow down of investment in the region. Simple as that.

@avid, is that promotion direct from engel?
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Mr. Q's Blog - A Qatari's view on Qatar.