VOL. XXXIII

NO. 42

23-JULY-1990

Can Iraq's Political Muscle Change The Long-Term Outlook For Oil Prices?

Iraq's verbal onslaughts on the UAE and Kuwait over the past week, accusingthem of deliberately damaging Iraq, as part of a US-inspired conspiracy, byengineering a drop in the price of oil through overproduction - and, perhapsmore significant, its revival of the border problem with neighboring Kuwait -has undoubtedly added a new dimension to the conventional modalities of OPEC oildiplomacy.

The...