[Mit_energy] Oil Shockwave
Kurt Keville
kkeville at MIT.EDU
Thu Jun 23 20:51:38 EDT 2005
An Oil Crisis Executive Simulation was orchestrated in DC yesterday. It
paints a dire picture of what happens to the world economies when there is
a disruption in oil production after some political instability in Nigeria
triggers a domino effect with OPEC nations reducing production to make
political gains. It was a catastrophic scenario, and made the post 9/11
recession look like a bank holiday. It was sobering considering what
tinderboxes some of these countries are; I had not realized how fragile
this market was.
See http://www.secureenergy.org/ for more info.
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