Some, such as Saudi Arabia and the United Arab Emirates, have sufficient financial reserves, other accumulated wealth, debt capacity and policy flexibility to manage the longer-term transition to an oil regime in which many of the non-traditional suppliers will be knocked out by lower prices. Others, including Venezuela, are being destabilized in ways that extend well beyond economic and financial factors and produce a growing possibility of political and social turmoil. Put these two sets of actors together in a negotiating room and the scope for disagreements is considerable, if not guaranteed.
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