While OPEC searches for a floor, UAE concludes Patriot purchase
Monday, December 22nd, 2008 Posted in Defense, Oil | No Comments »On Wednesday of this past week, OPEC agreed to slash production of crude by 2.2 million barrels a day in a desperate attempt to find a floor. Its action had little effect as prices tumbled to under $34 on Friday, reflecting declining demand and rising inventories. Current market conditions did ...
Proposed $7B U.S. defense deal with UAE may signal a strategic shift in Middle East relations
Thursday, September 18th, 2008 Posted in Defense | No Comments »When the Bush administration announced last week the proposed sale of the $7 billion Terminal High Altitude Defense system (THAD) to the United Arab Emirates, some observers interpreted the deal as a necessary antidote to Iran's missile capabilities. Behind this ...
