Mix of political events will produce record oil prices again this year

$US70 a barrel: “I think $US70 a barrel is a lot closer than we
think. I think we would have got to $US70 a barrel without the
political firestorm anyway,” he said. Over the weekend, Nigerian rebels
damaged a Royal Dutch Shell oil platform and they vowed more attacks.
Iran ignited the last global oil crisis in 1979 when it cut off oil
exports during its revolution.

The Courier Mail, 19/1/2006, p. 23

Source: Erisk – www.erisk.net 

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