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The American Empire in a Changing World



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Thursday, October 13, 2011

'GCC threatened by oil price fall'

how do you get oil prices up?..........start a war with iran.............from emirates24/7......

"Gulf oil exporters have remained resilient to global fiscal turbulence but their economies could be stifled by a possible fall in oil prices and poor private investment, Saudi Arabia’s largest bank said on Wednesday.

But the six Gulf Cooperation Council (GCC) countries, which sit atop 40 per cent of the world’s crude deposits, have built up sufficient assets to expand public spending to spur growth and make up for lower private sector activity, National Commercial Bank (NCB) said in a study sent to 'Emirates24|7''.........................READ MORE

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