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Submitted in partial fulfillment of the degree Masters of Arts at the Fletcher School of Law and Diplomacy. Abstract: Due to the emergence of alternatives to petroleum as economically viable transportation fuels, the value of petroleum resources are likely to become threatened over time, and this paper proposes that the Kingdom of Saudi Arabia begin a long-term program to reduce the dominance ... read moreof oil as its principal source of economic activity. With high oil prices making this difficult, it is believed that the Kingdom’s long-term interest lies in proactively pushing oil prices down, in order to maximize long-term profits, reduce price volatility risks, and provide increasing incentives to government and private decision-makers to diversify the Kingdom’s economy.read less
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