The decades since the first major oil embargo in 1973 have shown all too clearly that no one can predict oil and gas prices and petroleum export revenues. This is particularly true when oil supply is so high, key exporters like Iraq and Libya are at war, production is partly driven by the tensions between Iran and its Arab neighbors, new sources of production are coming on line, and the world seems be headed for a China-driven collapse in the growth of petroleum demand.
http://csis.org/publication/strategic-impact-irans-rising-petroleum-exports-after-sanctions
I-BRIDGE's blog (Link Campus University's Research Centre on Global Affairs) - editor, Marco Emanuele - Critical thinking, complexity, international relations (Twitter, @Glob_Eye - Facebook, https://www.facebook.com/marco.emanuele.50)
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