41. Cheap oil drilling may create era of bargain fuel prices. 42. Cheap oil has contributed significantly to holding inflation in check, but cheap oil is a mixed blessing. 43. Cheap oil today is lowering the pain in Asia and helping the OECD countries to fund the Asian measures towards economic recovery. 44. Cheap oil will help prevent or delay recession in the Anglo-Saxon economies. 45. Cheap oil, while good for the Asian recovery, is bad for long-crude members in the short term. 46. Iraq counts Jordan among its few allies and sells it oil cheap under the oil-for-food deal. 47. Iraq sells Jordan oil cheap under the oil-for-food deal. 48. The cheap oil was a bargain for consumers, but a serious problem for OPEC and other producers who depend on firm prices to meet their national budget targets. 49. They exchange it for cheap oil. 50. Gulf traders working for Western oil companies implicated in the smuggling say cheap Iraqi oil is transited via Iran. |