Another Global Oil Crisis?
Oil markets don’t like surprises. The sudden ousting of Mr. Mubarak and the unrest in Libya, Bahrain, Yemen, Iran and Algeria had added 20% to oil prices by the middle of last week.
How the Middle East protests will alter the oil market: "The big worry is that spreading unrest will culminate in another shock akin to the oil embargo of 1973, the Iranian revolution or Iraq’s invasion of Kuwait. Oil is more global than it was during those previous crises. In the 1970s production was concentrated around the Persian Gulf. Since then a gusher of non-OPEC oil has hit markets from fields in Latin America, west Africa and beyond. Russia overtook Saudi Arabia as the world’s biggest crude supplier in 2009; OPEC’s share of production has gone from around 51% in the mid-1970s to just over 40% now."
- The meaning of the word 'confidence' seems obvious. But it's not the same as self-esteem.
- Confidence isn't just a feeling on your inside. It comes from taking action in the world.
- Join Big Think Edge today and learn how to achieve more confidence when and where it really matters.
- There are 2 different approaches to governing free speech on college campuses.
- One is a morality/order approach. The other is a bottom-up approach.
- Emily Chamlee-Wright says there are many benefits to having no one central authority on what is appropriate speech.
Famous physicists like Richard Feynman think 137 holds the answers to the Universe.
- The fine structure constant has mystified scientists since the 1800s.
- The number 1/137 might hold the clues to the Grand Unified Theory.
- Relativity, electromagnetism and quantum mechanics are unified by the number.
- Economist Sylvia Ann Hewlett breaks down what qualities will inspire others to believe in you.
- Here's how 300 leaders and 4,000 mid-level managers described someone with executive presence.
- Get more deep insights like these to power your career forward. Join Big Think Edge.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.