On Fri, Dec 07, 2001 at 02:31:00PM -0500, Max Sawicky wrote:
>
> Off-hand, it is possible a development-oriented Arab regime would
> seek to exploit its resources more rapidly, and for good reasons,
> which would tend to reduce market prices. Oligarchs can afford
> to restrict output for the sake of maximizing prices. They
> already get far more income than they can consume, and
> reserves are just more money in the ground. In this sense,
> Iraqi control would signify more downward pressure than
> Kuwaitii, at least until the world blew up. mbs
>
-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu