Humans learn lessons from the history. Some hundred years of hostility and dependency forced Europe to accept a sociocultural bond with some common goals to develop and sustain. It is time that middle eastern oil producers put their acts together and replace dollar with a single oil currency for all importers. Following Europe they can abolish their local currency gradually to trade with new oil currency in the future.
The benefits of the new currency will stop all diplomacy in the sovereign lands, politics, democracy. Internal trade between arab countries will become easier to increase employment and reduce dependencies on imports. It is not arguable now that science and technology accuired independence in most of the essential sectors for the populations and culture. The idea can rejoin faith and meaning of fundamental existence in arab and african nations.
Recent days it has been politically framed by foreign media and diplomacy to patronise the divisions in the population in the ordinary choice of leadership as a determining standard for economic and cultural developments in the region. As a result, the first step should be safeguarding the economic foundation with a concrete pillar like Euro.
It is obvious that other natural resources in the export market can be traded via the oil currency including precious metals and stones. Arab countries must have to be very cautious about establishing a new trading price for agricultural and other products to safeguard the existence of all industries together in the long run. It is not necessary to be influenced by global price a product to ruin local economies.
Politics, political parties, leaderships cannot develop a country as like as the resource does. Hydrocarbon chain between resources, human knowledge and technologies represents the population and their faith must dominate the development or economy.
The circulation will start from buying oil currency against dollar which will spent in arab imports gradually. The buyers of arab oil will normally trade export their products in oil currency.
Fundamental problems in western politics emerged from statistical disorder, lack of standards, imperical manipulations, political determination and ignorance in greater good. A vast deployment of prorealistic education conteminated the policy making process which is expanding at a very alarming level with more than 60% of the tax payers money.
Present shifts in war & defence represent cowardice nature of super power who emerged with the background of nuclear weapon. Gut less loosers display escapist movements in the survival of fittest. Money started losing value in technological advancements and grammers of combat. This became easy to memorise enemies with preferred attributions who wanted to learn from the history.