ABC. The Secretary General of OPEC confirms the current window of vulnerability (older brief on the topic)
in the oil market (the trigger would be global guerrilla activity
directed against the oil markets). The lack of excess capacity
available means that the control of the price of oil is now in the hands of groups that can disrupt production.

“I can affirm that the price of a barrel of
crude oil rising to $US80 in the near future is a weak possibility,”
Adnan Shehab-Eldin told Kuwait's Al-Qabas newspaper. “But I
cannot rule out [the possibility] of oil prices rising to $US80 a
barrel within the next two years,” he was quoted as saying. “If the oil
price rises to this level for one reason or another – for example,
interruption of supplies from a producing nation by one to two million
barrels a day – it is not expected to continue for long,” Mr
Shehab-Eldin added. [John Robb's Weblog]

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