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Saudi Oil Crown Slipping Away?
June 8, 2004 1730 GMT
Attacks against expatriates working in the Saudi Arabian oil patch have accelerated in tempo and intensity during the past several months. If this trend is not reversed — which is not likely — Riyadh will slowly fall from its current position as the kingpin of global energy markets. Oil prices will be both higher and more volatile, Saudi social stability far less guaranteed and OPEC less a force to be reckoned with.

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