Apart from the usual forces towards oil price increase, like increasing demands from India and China, both economies gearing up their energy consumption, the disruptions of supplies, pipe lines etc are becoming a major influence as well. I follow the more than noteworthy weblog by Jon Robb (and I recommend you to add it to your regular reading) Global Guerillas, for quite some time already. In a recent posting he explains how much influence guerilla networks currently have on oil price:
The control over the price of oil is in now in the hands of global guerrillas. […] The amount of oil effectively under their control exceeds five million barrels a day, more than Saudi Arabia’s two million barrels a day of swing production.
Read the whole analysis. Dana Blankenhorn adds to that alternative energy is no longer just an option over at Moore’s Lore.
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