Monday, February 18, 2013

Roubini : Oil Prices May Double due to The Geopolitical Instability in The Middle East

Nouriel Roubini says instability in the Middle East, geopolitical disputes in Asia, and fiscal drags in Europe and the U.S. are still . “Instability in the Middle East is an issue: and the instability is not just tension between Israel and Iran – that if there were to become violent they could spike global oil prices to double the current level and tip the global economy into recession. If you look at the Middle East, all from Maghreb, Algeria to Afghanistan and Pakistan, there is geopolitical tension that could have economic consequences.”

Related Posts Plugin for WordPress, Blogger...