Friday, Jul 28, 2006

Time to fill up your oil tanks?

MSN: Could the Middle East crisis spell economic disaster?

For the global economy this latest conflict, like so many before, is not about what has happened but what might happen. Neither Lebanon, nor Israel for that matter, produces significant amounts of oil. If Syria, a small producer, or more particularly Iran, a huge one, are drawn into conflict then oil supplies may be at risk. This matters particularly now because there is almost no spare capacity in the world oil supply system. Even a small cut in output could have a big effect on oil prices.

Posted by uncle chris @ 08:52 AM (559 views)
Add Comment
Report Article

No comments have been submitted.

Be the first person to add your comment by completing the form below.

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies