U.K.’s Duncan Says Oil Prices Could Surge to $250, Times Reports

Oil prices could surge to as much as $250 a barrel if terrorists attack oil tankers and reserves in Libya and the Middle East, Britain’s International Development Minister Alan Duncan, a former oil trader, told the Times.

Such a gain in the oil price would cause a “serious spike” in fuel prices to about 2 pounds ($3.25) per liter, Duncan said in an interview in the London-based Times newspaper.

Oil prices of $200 a barrel are “on the cards” if anyone is “reckless and foments unrest,” Duncan was quoted as saying by the newspaper.
http://www.bloomberg.com/news/2011-03-05/u-k-s-duncan-says-oil-prices-could-surge-to-250-times-reports.html

Feb. 23 (Bloomberg) -- Charles Maxwell, senior energy analyst at Weeden & Co. LP, talks about the impact of unrest in Libya and the Middle East on oil prices and supply. He speaks with Matt Miller and Carol Massar on Bloomberg Television's "Street Smart." (Source: Bloomberg)
http://www.bloomberg.com/video/66994290/

Saudi Arabia Will Let Oil Reach $120, As Truth Behind Saudi Motives Is Exposed
http://intheendwerealldebt.blogspot.com/2011/03/saudi-arabia-will-let-oil-reach-120-as.html