Wednesday, March 23, 2011

A global energy war looms – Telegraph Blogs

A global energy war looms – Telegraph Blogs: "The most common cause of energy price shocks is supply disruption. It’s the fear of just such a disruption, with turmoil in the Middle East, which is driving the oil price right now. But in future it’s much more likely to be the pressure of demand on limited supply. Nevermind developments in North Africa and elsewhere in the region. That’s a mere bagatelle compared with what may be coming. These demand tensions could create much wider geo-political instability, with potentially catastrophic inter-continental consequences."