Waiting for a new Iraq

The oil business generates many surprises. Iraq should not be one of them.Iraq is a time bomb. Unless pressures created by Pres. Saddam Hussein soon find paths of relief, Iraq will one day erupt in a violent struggle for power and retaliation against oppression. And in the middle of the conflagration will be oil.When Saddam loses power for whatever reason, there probably will be a market disruption. And there certainly will be a period of political instability, during which Iraq might not be a comfortable place in which to work.Options for companiesOil companies can wait and respond as though surprised when the inevitable power shift occurs. More constructively, they can seek ways to ease...

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