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  • Kuwait and Dow Chemical Deal Will Get Done Despite Opposition [View article]
    If this deal ever becomes a reality I would be surprised. People sometimes fail to realize how important religion is and how much it influences government policy. Right now the Islamic parties are holding the line, and stalemating every initiative that apprears pro-western. The Islamic parties are hoping to gain more influence through populist appeal and are using the Israeli/Hamas confrontation to consolidate their influence especially since the Kuwaiti executive has no real cabinet currently. The Prime Minister, who supports the deal wiht Dow Chemical has been weakened, and was recently forced to tender his resignation.
    This deal is essentially a "proxy war" of sorts between pro-western forces and pro Islamic forces in Kuwait's government. Kuwait's economy has taken a beating as a result of the fall in oil prices, and the Islamic politicians are suggesting that the failure to prepare for the impact that the fall in oil prices is having on the economy is the pro-western Prime Minister's fault.
    I would be very surprised if this deal succeeds.
    Dec 29 06:00 am |Rating: +2 0
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