Arabian Might
http://www.msnbc.msn.com/id/8270659/site/newsweek/
The Upside Of High Oil Prices? A golden era of wealth, and possibly
real economic reform, in the Middle East.
By Carla Power
Newsweek International
June 27 issue - One might think that when Libya struck oil in the '50s,
its monarch would have been thrilled. "I wish it could have been
water," said King Idris. "Oil makes men idle, whereas water makes them
work." If that's so, the Middle East should be napping now. With
benchmarks for oil rising fast, the region's economies grew 5.6 percent
last year and recorded the highest per capita growth rate in a
generation. Even though OPEC ministers vowed last week to boost
production, markets no longer believe the group can slake global
demand. The price closed Friday at $58.47 a barrel, a new record.
Arabs
http://groups-beta.google.com/group/alt.atheism/msg/6962bffff6c5e470
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