Although Dubai's economy was built on the back of the oil industry,[72] revenues from oil and natural gas currently account for less than 6% of the emirate's revenues.[7] It is estimated that Dubai produces 50,000 to 70,000 barrels (11,000 m3) of oil a day[73] and substantial quantities of gas from offshore fields. The emirate's share in UAE's gas revenues is about 2%. Dubai's oil reserves have diminished significantly and are expected to be exhausted in 20 years
Better correct this part from Wikipedia so the rest of the world is par with your knowledge...
But you might also want to correct the guys at Reuters who just issued this:
Dubai announced a new oilfield discovery on Thursday, raising hopes of a boost to both oil output and revenues for the cash-strapped emirate...Dubai said on Thursday the field was east of the producing Rashid oilfield, but did not say how far. Rashid is one of Dubai's four main oilfields, so it may be able to use Rashid's infrastructure for the new production.
