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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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In October, Saudi sources first prepared the market with statements that the country would be comfortable with oil prices as low as $80 per barrel for “a year or two.” At the November OPEC meeting, the Saudi oil minister, Ali Al-Naimi, publicly announced Saudi Arabia would allow market forces to set prices.

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Syrian oil ministry announces oil shale tender

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A more vigorous investigation on oil shale began in 1980, but was stopped in 1985 due to the decrease in oil prices. Oil production has stabilized after falling for a number of years, and is poised to turn around as new fields come on line, according to EIA. According to The Oil and Gas Journal , Syria had 2.5

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