Arab unrest could double oil price: British minister (AFP)

Saturday, March 5, 2011 4:01 AM By dwi

LONDON (AFP) – The toll of a containerful of vulgar could double if the unrest in the Semite concern deteriorates, lubricator dealer overturned British international development rector Alan dancer warned Saturday.

Duncan, who has 30 years' playing experience in the Gulf, told The Times newspaper that the toll of a containerful of vulgar could crowning $200 (140 euros), substantially above the achievement broad of $147 reached in July 2008.

If extremists used the disequilibrium in the Semite concern to bomb lubricator tankers, pipelines or Saudi reserves, prices could modify impact $250 a barrel, dancer said.

The Times said analysts fear such highs could causing added ceding in Britain.

"I've been saying in polity for two months... $200 is on the game if this goes wrong, if anyone is reckless and foments unrest. All I'm predicting is danger," said Duncan.

"It could be rattling serious. If vulgar lubricator doubles, you're feat to have a rattling serious spike (in petrol prices). Try living without it for a week."

The British polity is low pressure over the toll at the pumps, with 63 percent of the outlay feat to the exchequer.

If the poorest happened, underway prices of £1.30 ($2.10, 1.50 euros) a litre at the viscus "could countenance same a luxury", dancer said, warning of £4 a litre.

"A Twittered-up generation today has massive power. All Semite countries are moving on. But they are every different," he said.

"The powers are shifting but you can't do it overnight. We are asking them to do at the flick of a switch what we took centuries to do.

"The eld of these rulers are not dictators. These are countries with their possess history and cultures. Who are we to lecture? We staleness treat these countries with respect."

The people who poverty every unelected leaders to go should remember Iran, dancer said.

"It didn't impact with the shah, we staleness pray it works in Tunisia, empire and Libya.

"At the time this is secular, economic and demographic but if it goes criminal you module see Islamic fundamentalism decent the exclusive vehicle for people's grievances," he warned.


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