Friday, January 24, 2014

Unbridled oil consumption in the Middle East could pose a threat to the region and beyond

FP: The region's surge in demand over the past decade, and the likelihood of further increases in its consumption over the next 20 years, raise serious concerns about Middle Eastern countries' ability to keep exporting large volumes of oil. That could upend global oil-market balances, seriously erode the finances and domestic stability of important countries in the region, and spark even more regional instability.

No comments:

Post a Comment

Reactions welcome! Please use your full name.