SAUDIS MAKING THEIR OIL INTENTIONS CLEAR

By most measures, power in the Middle East remains a long way from anything resembling balance. The future of Iraq is uncertain. U.S.-orchestrated peace talks between Israel and its neighbors haven't progressed beyond angered posturing. To the north, newly independent republics of the old Soviet Union represent a possible source of instability. Iran is rearming even as it pursues international capital and technology.

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