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Middle East Oil Realism PDF Print E-mail

By Shlomo Ben-Ami

TEL AVIV – No matter how important rising oil powers outside the Middle East are becoming, the region will continue to be the world’s main source of energy for years to come. Unlike Russia, the Middle East’s OPEC members act as a cartel that produces well under capacity. At current production rates, Russia will be out of the running by 2020. The conditions are not radically different in Africa.

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