Iraq: March 28, 2000

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With gasoline prices at record highs, analysts are concerned that Saddam might suddenly pull his oil off of the market, sending gasoline 25 cents a gallon higher. The move is risky, since other oil-producing countries (which engineered the current high prices) could increase production to replace Iraqi oil, and more Iraqi oil is smuggled out of the country than is exported through the UN oil-for-food program.--Stephen V Cole

 

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