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January 16, 2010

Saudi Arabia and the Oil Bank

Chris Cook, Asia Times

AP Photo

As crude oil prices climbed back over US$80.00 per barrel during 2009 - after the dramatic spike to $147 and subsequent collapse to $35 - United States politicians and regulators were in no doubt as to who to blame.

 

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TAGGED: Saudi Arabia, USD, United States, crude oil prices

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