| Some predictions are easy to make because they are simply acknowledgment of reality. Best example: The sun will come up, but solar power will remain unreliable, unpredictable, expensive, and the darling of environmentalists. On a more serious note, Libya can be expected to remain unstable, given that the opposing forces are too balanced for one to become dominant quickly. Production will fluctuate.
Similarly, expect uncertainty about the Middle East political situation, including Abadi’s attempt to establish a stable government in Iraq and the ongoing negotiations with Iran over its nuclear research program. Both will have some impact on the market, causing minor price fluctuations, but where nothing but time can convince observers that Iraq is stable, an agreement with Iran could send prices plummeting...............................................Full Article: Source
|