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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Brent Hogenson who wrote (39115)3/6/1999 10:06:00 PM
From: Ahmed Elneweihi  Read Replies (3) of 95453
 
Two very important reasons why the ME countries would not want oil to go to $5: 1) This would de-stabilize their regimes for years (till the low oil scenario starts to pay off as the article suggests). They would be making the economic situation in their own countries ripe for a local revolt as they slash spending further than they have already done. 2) Oil at $5 is not good for many western producers, including the US. The Saudis and Kuwaitis regimes are dependent on the west for protecting their interest against local and outside threats.
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