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Would it have been possible for the Ottoman Empire to survive to the present day with it's government largely secularizing, modernizing and reforming as a result of the Young Turk revolution?

Remaining neutral in WW1 and then hanging on long enough for oil to be discovered in the late 1930s? Or would the empire have collapsed long before oil could be discovered? Would a smaller Ottoman Empire retreating back to only it's territories in the Levant & Fertile crescent survive? How much of Arabia could it have held onto?
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