Far-reaching oil industry repercussions expected from Gulf War II

The US-led attack on Iraq will have far-reaching repercussions for the global oil and gas industry for years to come, well beyond the near-term ramifications of the conflict.Scenarios abound, most of them predicated on the assumption that the regime of Iraqi President Saddam Hussein will be toppled in the conflict. Because the timing of that presumed eventuality—and any collateral consequences—was still uncertain at presstime, most of these scenarios will be adjusted in the weeks to come. But they all hinge on the same basic outlook: There will be a myriad of opportunities for investment in a post-Saddam Iraqi oil and gas sector.These investment opportunities break out as near...

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