The possibility of further corporate scandals or an oil disruption in the Middle East heightens the uncertainty.
Any disruption in the Middle East would probably bring a sharp increase in prices, which would put the shaky world economic recovery at risk, they say.
No one wants more death and disruption in the Middle East, nor another open-ended military commitment — and certainly not the Pentagon.
Even if the US used only oil from north America, a disruption in the Middle East would increase global prices, hurt the US and global economies, and force Americans to pay more at the pump.
The value of "black gold" was expected to plunge in 2012 as global economic growth stuttered, but remained stubbornly high – largely driven by fears of supply disruption in the Middle East as a result of the Iran/US standoff and domestic political upheaval caused by the Arab spring.
"If we are able to manage significant incremental supply from Canada, from onshore U.S., from Brazil and friendly countries in West Africa, then we can significantly ameliorate the risk of a supply disruption in the Middle East or from other countries that might use oil as a weapon".
A disruption in the Middle Eastern oil supply could indeed pose a serious threat to the global economic recovery.
It seems as though any disruption in the Middle East or major spike in gas or oil prices is often followed by a loud call for more drilling in the United States, including in Alaska's Arctic.
LONDON, April 9 (Reuters) - Oil prices fell more than $1 on Monday after Iran agreed to resume talks over its nuclear programme, easing fears of a supply disruption in the Middle East.
JUDY LEVY had no children when she first opened a practice in obstetrics and gynecology, but as she started her family, the disruptions of calls in the middle of the night and an unpredictable schedule began to take their toll.
