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ZDNET: Peak oil panic? Dubai or not Dubai?


Last updated:
Fri, 27 Nov 2009 13:37:00 +0000

Could the mushrooming Dubai debt crisis be a preview of what peak oil will produce among the oil-selling nations?

Dubai–meaning the few poweful men in control–launched itself on a campaign to become the combo Las Vegas, Miami and Wall Street of the Mideast. That meant huge construction projects and rampant purchasing of key properties across the globe.


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