| The world's leading energy thinktank has warned that oil prices could spiral above $150 (£93) a barrel in the short term if political unrest in Africa and the Middle East leads to inadequate investment over the coming years.
Despite a drop in the cost of crude on 9 November prompted by the deepening crisis in the eurozone, the Paris-based International Energy Agency, said the high cost of crude posed a threat to the global economy and said there was a risk of prices exceeding the previous peak of $147 a barrel seen in 2008...............................................Full Article: Source
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