Oil and Gas in the Capitals ///
For the oil and gas industry and the global economy in general, the most significant news to come out of the Middle East in recent months is not about any of the events that took place, but rather what did not happen: None of the major oil producers experienced an Egypt-like revolution. Oil continued to flow normally, and the largest producers increased output to compensate for the loss of Libyan oil. Just imagine how the oil market would look if the Arab revolutions had extended to Saudi Arabia, the UAE and Kuwait.
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