Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Saturday, January 5, 2013

OPEC: Iran-Iraq alliance weakens Saudis

OPEC: Iran-Iraq alliance weakens Saudis

Baghdad (UPI) Jan 4, 2013
An emerging alliance between former foes Iran and Iraq in OPEC is expected to undermine Saudi Arabia, long the oil cartel's dominant force, and other moderate Arab states which could threaten the 12-member oil producers' group and push up oil prices sharply. This also underlines Iran's ceaseless efforts to dominate its western neighbor politically and economically that began the momenthttp://www.energy-daily.com/reports/OPEC_Iran-Iraq_alliance_weakens_Saudis_999.html

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