As prices hit the roof, oil wars will keep burning

In the end, oil is not just another commodity as coffee, cocoa or orange juice which responds simply to supply and demand. It is a “strategic” commodity governed by politics, the economic needs of the countries producing it, which are high, and the price paid for it, which can depress world economy if it is too high. This is a very difficult mix. The sort of china shop where bulls should not be allowed. So, fasten your seat belts.

AoL