Earlier quoted context omitted.
Maybe it could be a stabilizing factor, because the many interests involved would be mostly aligned. However unstable Middle East is, most of the time no oil well is on fire, or in a war zone.
It is not about the steady state being unstable on its own, it is about how easily it can be brought out of equilibrium with a very small force (of a hand full of people). An inherent flaw in the centralized nature of such a system
How easy was it to do that for Kuwaiti oil industry, and how long did it last?
When enough interests are aligned, equilibria stay pretty steady, exactly because there are several powerful interests.