Drumbeat: February 1, 2012

theoildrum.com 01 Feb '12, 2pm

Drumbeat: February 1, 2012

No one knows just how high oil prices would go under such circumstances, but many energy analysts believe that the price of a barrel might immediately leap by $50 or more. “You would get an international reaction that would not only be high, but irrationally high,” says Lawrence J. Goldstein, a director of the Energy Policy Research Foundation. Even though military experts assume the U.S. will use its overwhelming might to clear the strait of Iranian mines and obstructions in a few days or weeks, the chaos to follow in the region might not end quickly, keeping oil prices elevated for a long time. Indeed, some analysts fear that oil prices, already hovering around $100 per barrel, would quickly double to more than $200, erasing any prospect of economic recovery in the United States and Western Europe, and possibly plunging the planet into a renewed Great Recession. The Iran...

Full article: http://www.theoildrum.com/node/8905

Tweets

@Rothschild999 » 01 Feb '12, 7pm
The Oil Drum | Drumbeat: February 1, 2012: Two years ago, the world was facing an intractable oil crisis. “By 20... [link]
@sawb3 » 01 Feb '12, 5pm
RT @TheOilDrum: Drumbeat: February 1, 2012 [link]
@GroenWerkt » 01 Feb '12, 4pm
#oildr Drumbeat: February 1, 2012 #mlfeeds: Thomas Homer-Dixon: Our peak oil premium Peak oil – it’s history, ri... [link]
@openib » 01 Feb '12, 2pm
Drumbeat: February 1, 2012: Thomas Homer-Dixon: Our peak oil premium Peak oil – it’s history, right? Ev... [link] #iSolar
@cfroyalty » 01 Feb '12, 2pm
oil gas royalty Drumbeat: February 1, 2012: Thomas Homer-Dixon: Our peak oil premium Peak o... [link] [link]
@bigpicturetv » 01 Feb '12, 2pm
The Oil Drum: Drumbeat: February 1, 2012: Thomas Homer-Dixon: Our peak oil premium Peak oil – it’s history, righ... [link]
@EnergySysNews » 01 Feb '12, 2pm
[oilbarrel] Drumbeat: February 1, 2012: Thomas Homer-Dixon: Our peak oil premium Peak oil – it’s history, right?... [link]
@fixfrankenstein » 01 Feb '12, 2pm
via @TheOilDrum: Drumbeat: February 1, 2012: Thomas Homer-Dixon: Our peak oil premium Peak oil – it’s history, r... [link]
@komaliaint » 01 Feb '12, 2pm
Drumbeat: February 1, 2012: Thomas Homer-Dixon: Our peak oil premium Peak oil – it’s history, right? Everything... [link]
@JPInfluence » 03 Feb '12, 2am
RT @TheOilDrum: Drumbeat: February 1, 2012 [link]
@itanksknowledge » 02 Feb '12, 2pm
Drumbeat: February 1, 2012 [link]
@IncEnvironment » 02 Feb '12, 5am
The Oil Drum | Drumbeat: February 1, 2012: Two years ago, the world was facing an intractable oil crisis. “By 20... [link]
@bestofscience » 01 Feb '12, 2pm
Drumbeat: February 1, 2012: Thomas Homer-Dixon: Our peak oil premium Peak oil – it’s history, right? Everything... [link]
@TheOilDrum » 01 Feb '12, 2pm
Drumbeat: February 1, 2012 [link]
@WeBuyWasteOil » 01 Feb '12, 2pm
Drumbeat: February 1, 2012 [link] [link]
@waynemaceyka » 01 Feb '12, 2pm
via @TheOilDrum: Drumbeat: February 1, 2012: Thomas Homer-Dixon: Our peak oil premium Peak oil – it’s history, r... [link]