Arab Spring Instability Driving Away US Investors

Law360, Dallas (February 7, 2013, 7:52 PM EST) -- Instability following the Arab Spring’s toppling of Middle East regimes, increased competition from nationalized oil companies and fluctuating commodity prices are making American oil companies more hesitant to invest in new projects in the region, energy lawyers said Thursday.

Speaking at a symposium at Southern Methodist University, executives at Hunt Oil Co. and ConocoPhillips Co. said U.S. investors are less willing to commit to projects in North Africa and the Middle East today given the multitude of problems facing the region. Especially in countries where Arab...
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