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The American Empire in a Changing World



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Friday, July 13, 2012

''OPEC and Saudi Shrewd Middle Power Diplomacy''

From ISN Blog

''For middle powers like Saudi Arabia an effective foreign policy requires both cunning and a knack for identifying force multipliers. Of course, being the world’s largest oil producer is a bit of a force multiplier by itself, as the move on Thursday by the Organization of Petroleum Exporting Countries (OPEC) not to reduce production despite a price decline from $128 to $97 per barrel suggests.''

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