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Oil industry told Middle East violence shouldn’t spread

Posted on 10 March 2011

From CNN: A longtime American diplomat to the Middle East provided some reassuring words to the oil industry Wednesday: The situation in Libya and Egypt may remain tumultuous for some time, but the major oil producing countries of Saudi Arabia, Kuwait, Iran and Iraq will likely stay stable.
“The traditional regimes are going to come through this pretty well,” Retired Ambassador Ryan Crocker told a crowd of energy industry executives at IHS CERA’s annual conference. “They are very sensitive to their populations, and have made numerous changes.”………………………………………Full Article: Source


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