Opinion |
Arab Oil Money Is Running Out, and Chaos Will Likely Follow
Cash from the Gulf states has been smoothing over the roughest edges of the region’s failed economies. But the oil that paid for it won't last much longer
Around the world, they are known as the GCC, for Gulf Cooperation Council. But in the Middle East, a more apt acronym for these rich petro-states might be ATM. Since at least the 1970s, Saudi Arabia & Company have spread their wealth around the region, buying friends and influence, and putting out fires.
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