- Libya, while getting better, is still not up to prewar levels of production and there is no real central government in place.
- Nigeria may blow up at any time. Venezuela is very close to Iran and has a leader who regularly confiscates private property.
- After it takes power, the Islamist government in Egypt may close the Suez Canal during a crisis and support war with Israel.
- Iran is already a seething problem that could blow up into a major crisis. High oil prices now may cut world growth.
- Mexico could have unrest that could curtail oil production. A large portion of Saudi Arabian and Kuwaiti oil could be locked in if the Iranians go to war in the Gulf.
- What would Muslim oil exporters do if another Muslim country such as Iran were attacked by Israel or the U.S.?
- Bahrain is having its problems too with Shiites as well as disturbances by Shiites in the eastern provinces of Saudi Arabia, who are sympathetic to Iran. A lot of Saudi Arabia's oil is in its eastern provinces.
- Syria is destabilized and could bring in Turkey and Iran and Iraq to name a few. Iraq is trying to increase its oil production, but it is unstable, too.
Mr. President, Time to Embrace Nat Gas
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