Oil Flows, but High Prices Jangle Nerves

This article talks about the impact of the unrest in the middle east and north African countries (MENA countries) on the global oil prices.

MENA countries contribute to 35% of the world's oil production. Possibility of disruptions in supply from these countries result in skittish oil markets. This as a result is a burden to the global economic recovery.

Oil prices have risen 30% since September 2010.

There is a reason for optimism, as Saudi Arabia can potentially maintain the global production supply of oil if the affected OPEC countries experience fluctuations. This was mentioned by the president of the World Bank at the 'Group of 20' meeting.

90% of growth in oil production will have to be met by MENA countries in the future because alternative sources of energy still have a while to introduced on a large scale.

This article helps bring global perspective to the current unrest in the middle east.