Larry C. Johnson: Record Oil, Empty Tanks: The UAE’s Miracle Recovery

Then Karl Miller sent me his October 22 assessment of the UAE’s oil and gas system, and spoiled the party. The Emirates have indeed recovered their crude exports. What they have not recovered is everything else. The gas business is still limping, the petrochemical plants are starving for feedstock, and the fuel reserves that are supposed to carry the country through the next attack have been drained to about a third of their prewar level. The UAE is setting production records with its gas light on.

Read Article HERE

Be the first to comment

Leave a Reply

Your email address will not be published.


*