Feb 20, 2012

There Are Many Things That Could Go Wrong In The Middle East

In other words, there are many things that could go wrong in the Middle East, any combination of which might stoke fear in markets and lead to much higher oil prices. Despite weak economic growth in advanced economies and a slowdown in many emerging markets, oil is already at around $100 per barrel. But the fear premium could push it significantly higher, with predictably negative effects on the global economy. - in Project Syndicate

Related, Crude Oil Futures, United States Oil Fund (USO), Exxon Mobil (XOM),

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.