Oil prices are expected to spike at the start of a possible conflict in Iraq and then drop, bringing with them oil company stock prices, forecasts the Deal. According to the publication, a key motive for war with Iraq is oil. Washington sees Saudi Arabia as an unstable and unreliable supplier of oil in the long term.
In a post-war era, power over the Middle East’s oil would favor US and UK companies versus Russia, Chinese and European oil companies. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
