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AME Info, Abu Dhabi, United Arab Emirates, Editorial Column.

Byline: Peter J. Cooper

Apr. 28--STANDBY FOR A NEW TYPE OF OIL BOOM: Are the oil states of the Middle East now on the brink of another old fashioned oil boom? Is this a re-run of the mid-1970s, and early 80s? Let's examine the facts.

Previous oil boom periods in the Middle East were characterized by political instability that sent oil prices spiraling. There was the oil embargo that followed the Arab-Israeli war in 1973, and the disruption of supplies after the Iranian Revolution in 1979 and during the Iran-Iraq War.

These episodes were terrible

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