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Expensive oil strengthens political instability
29 May 2008The world prices for oil continue to update the records. The large countries - oil-manufacturers are quite satisfied: incomes from oil export have surpassed their most courageous expectations.
However, finer oil exporters are frightened, as the poor countries with huge stocks of oil more often simply are not able to dispose of such huge incomes. Moreover, this profit does not always goes on the good purposes.
For example, UCLA representatives prove that the developed countries usually know what to do with such profit. Large oil exporters start to postpone this money for the future, or put them in new projects. There is nothing to say about poor countries: usually they either are not able, or do not wish to spend correctly such huge means. Recently appeared oil exporters are simply not ready to such inflow of the capital. There is a huge probability of that they will simply waste their petrodollars.
In particular, analytics name such poor oil exporters as Equatorial Guinea, Chad and Sudan. For example, Equatorial Guinea due to oil deposits, recently put into operation, has sharply increased the incomes. Thus parameters of population development are very low, and there are bases to suspect, that the most part of money settles in pockets of government officials. So, according to the international organization on struggle against corruption Transparency International, on a level of corruption the country takes the tenth place from 180 countries.
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