26 Feb '12, 12pm

#Oil Disruption is Zooming and Global Panic Awaits

Oil Disruption is Zooming and Global Panic Awaits Oil is up to $110 and it is on a roll. The last time oil went in this direction, it caused a slowing in the global economy that led to a global financial panic. What’s causing it? Peak oil, Chinese growth and lots of potential oil disruption . Pretty much the same factors that caused it last time. The pipeline disruption is a little different this time. Israel The headline player is Iran due to its nuclear program. But Iran isn’t actually disrupting the production system, they are merely making threats. If you unwind this a bit, it’s pretty clear that the countries actually sending shockwaves of fear through the markets are Israel and the US. However, of the partners in this relationship, Israel is in the drivers seat. They are calling the shots on the timing of an attack on Iran and they will take the world along for a rid...

Full article: http://peakoil.com/publicpolicy/oil-disruption-is-zooming...

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