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March 30, 2011       Share:    

Source: http://www.jpost.com/MiddleEast/Article.aspx?id=214009

As Middle East Burns, Saudi Economy Glows

(Media Line-Jerusalem Post) David Rosenberg - The turmoil in the Middle East has turned into a boon for Saudi Arabia, as oil prices have risen about 20% this year. And, with the world's biggest reserves and excess capacity, Saudi Arabia is benefiting twice over by raising output to fill the Libyan gap.

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