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Tide of cash fills up the Gulf
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THERE WAS a time when the Persian Gulf was full of water. Then it
filled up with oil, and then with money, and renamed itself The Gulf,
as if no other gulf could matter.
This was one way to show us what money could buy, when spent in
sufficient quantities.
Then the tide went out, as tides will, but now it is now coming in
again, and David Lubin at HSBC has been at work with his dipstick.
Since the oil price began to rise, four years ago, the Gulf states
(their geography...
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