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Keyword: Oil Price

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Daily News Analysis

Bani Saud hike of domestic energy prices will increase resentment, instability

Crescent International

Rabi' al-Awwal 16, 14372015-12-28

Among the many problems with dictatorships is that they cannot blame anyone else for their follies. This is what the Bani Saud are discovering. Their policy of over production has led to the collapse of global oil prices. This in turn has caused drastic fall in Saudi revenues forcing them to slash subsidies on essential commodities increasing resentment against the regime.

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