Dateline 2014-11-03, Malaysian Chronicle:
IN AN article titled “A Pump War?” Thomas Friedman raises an intriguing question: is there a global oil war under way pitting the United States and Saudi Arabia against Russia and Iran?
“Think about this: four oil producers – Libya, Iraq, Nigeria and Syria – are in turmoil today, and Iran is hobbled by sanctions. Ten years ago, such news would have sent oil prices soaring. But today, the opposite is happening,” Friedman writes.
If Friedman is right, oil prices could remain stagnant for a long time and this could impact Malaysia negatively.
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Wata - Malaysian Oil and Gas Engineer 