Shale Oil Boom Rattles GCC Economies

Platt, Gordon
September 2013
Global Finance;Sep2013, Vol. 27 Issue 9, p44
Trade Publication
The article focuses on the potential short and long-term impact of the American shale oil and gas production on the economies of Gulf Cooperation Council nations. It notes the increase of the public spending of these countries amidst the Arab Spring rebellions. It is expected that low oil prices will have an effect on Saudi Arabia's economic activity.


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