Reasoning behind Recent Increases in Oil Prices

Since the seventies, crude oil prices have experienced significant fluctuations. Behind these price fluctuations were, among others, geopolitical factors impacting negatively on political stability in the Middle East, and fluctuations of supply and demand for crude oil determined by some ‘first’ world economic structures.Since the seventies, crude oil prices have experienced significant fluctuations. Behind these price fluctuations were, among others, geopolitical factors impacting negatively on political stability in the Middle East, and fluctuations of supply and demand for crude oil determined by some ‘first’ world economic structures.

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Let’s face our suspicions

A number of friends and me were following the negotiations in Qatar to reach a settlement in Lebanon. With the company of the same friends, I followed before the tragic events in Beirut. During these successive sessions of TV news bulletin, I noticed abnormal sectarian schism scenarios raising their ugly faces in more than one part of the Arab World. I say schism scenarios hoping or believing that they will not turn into realities on ground and that they are no more than negative symptoms that will evaporate with time.

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