Rachel Bronson
Rachel Bronson
banking base center economic entire fixing major realized serious unless
The UAE is the major banking center in the area, and they realized that unless they got serious about fixing their banking laws, their entire economic base would collapse.
economic players purely talk
If you talk to American players and the Saudis, they will tell you it was a purely economic decision.
decisions elsewhere europe gulf invest invested money people
People are making decisions to invest elsewhere than in the U.S.. Gulf money is being invested in Europe and Asia. This furthers that trend.
security step turning
It's a very important step in turning over security to the Iraqis.
arab far loudly pakistan positive register
Pakistan is far away and it's not Arab. The positive things we do in Pakistan don't register that loudly in the Arab world.
funding higher money oil wealthy
We know wealthy Saudis are funding terror. With higher oil prices, they just have more money to do so.
question region squander wealth
The question many have in the region is how not to squander the wealth like they did in the 1970s.
assumes barrels billion bull demand doubling market million require start stays
To get to 6 million barrels a day will require $30 billion to $40 billion in investment, and it assumes a bull market for oil. If you just start doubling production, but demand stays the same, that's wasteful.
avoid boom feeling feels followed high last middle prices problems united united-states unlike
Unlike in the United States, where it feels like high prices are going to last forever, in the Middle East, the feeling is that it will not last. So how do you avoid the problems of the 1980s that followed the boom of the 1970s?