| | Asia Times Online :: Japan News and Japanese Business and Economy |
 | | Oil prices are widely expected to hover in the range of $55-$60 a barrel through this year, not only because of structural factors of supply and demand but also because of concerns about the Middle East situation, insurgent attacks on oil facilities in Nigeria, and the standoff over Iran's nuclear program, among other things. |
 | | Another oil crisis similar to the two 1970s oil crises - the first in 1973 and the second in 1979 - would be a nightmare scenario for the country. |
 | | Oil export revenue of Saudi Arabia, the world's largest oil producer, is estimated to have hit a new record high of about $157 billion in 2005, up $51 billion from 2004. |
| www.atimes.com /atimes/Japan/HB10Dh01.html (3011 words) |