Word: embargo
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Iraq's call Tuesday for a rerun of that 70s embargo - and Iran's helpful tips on how it might work - put a scare into Wall Street with the specter of $50-a-barrel oil prices throttling the global economic recovery in its swaddling clothes. But by Wednesday the rest of the Arab world was quietly making it known that they're not about to let a policy disagreement get in the way of a good buck...
...bane of Wall Street is uncertainty, and the Middle East these days is certainly loaded with that. The worst-case scenario - an all-out war - could be devastating to the oil-dependent global economy, whether from an embargo or merely a disruption of supply. Merely by worrying about this investors are putting a premium on energy prices that could make their other nightmare - a weakling recovery, stunted by inflation and starved for demand - come true in the meantime...
...Martin, dean of the Faculty of Medicine at Harvard Medical School (HMS) and Provost Stephen E. Hyman helped circulate a mass petition signed by 15,000 scientists who agreed to publish their work only in journals that would grant free online access to their archives after a six-month embargo...
...People as readers can trust that they are seeing some of the best work in the world,” said Ellis Rubinstein, editor of the prestigious non-profit Science magazine, which has a year-long embargo on free access...
...that it's a bad idea - from the OPEC embargo to Iran to the Gulf War to the perenially-in-crisis Middle East, energy-related economic interests has dictated U.S. involvement in plenty of unwanted scrapes, and America's moral legitimacy in the Muslim world has eroded accordingly. The U.S.' oil-fueled alliance with Saudi Arabia was what turned bin Laden against America in the first place; the arguable legitimacy of his beef certainly hasn't damaged his following...