Newsweek: The Coming Energy Wars

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Oil prices could hit US$200 a barrel in the next few months... Oil drives so much of the global economy, it's almost impossible to fully imagine the world of $200 oil... Some analysts see a shift toward regional trade, and even a major reversal of globalization itself, as rising transport costs make it too expensive to ship many kinds of goods long distances.

Worse conflicts are possible. As areas like the Mideast and Africa, Russia and Venezuela continue to rise, you're going to see increasing energy greed, aggressive behaviors and neocolonial actions on the part of various countries... More blood will almost certainly be spilled. Oil wealth tends to wreak havoc on a nation's economy and politics, discouraging diversity, aggravating ethnic grievances and making it easier to fund insurgencies.

Newsweek >>> The Coming Energy Wars


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