Will Saddam's ouster presage low oil prices?

09/02/2002
Crude oil prices are hovering near $30/bbl again. Demand for oil is inching up, a trend surely to continue with seasonal trends in the coming months. Indications are that the Organization of Petroleum Exporting Countries will do little to boost oil supply. And the dogs of war are baying again in the Middle East.All the signs are there for a sustained period of high oil prices. So now is a good time to speculate a few months-or even a year or two-ahead about a scenario that could mean a sustained period of low oil prices.Iraq attackAs the din of saber-rattling grows ever louder between the US and Iraq, jittery markets are keeping a sturdy prop under oil prices.When the US recently commande...
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