2008-04-11

Link of Interest: Report On Gulf Oil

"The Coming Oil Windfall in the Gulf" from McKinsey Global Institute.

"In any plausible oil-price scenario, the wealth of the nations of the Gulf Cooperation Council (GCC) will continue to grow significantly between now and 2020. At an oil price of $70 a barrel, the six nations of the GCC would earn a cumulative $6.2 trillion by 2020, or more than triple the amount they earned from 1993 through 2006. Decisions by Gulf leaders on how to use this wealth will have global repercussions for decades."

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