The turmoil in the Middle East shows little sign of ending, and the potential lack of enough cheap fuel for the population is a warning that the levels of unrest may continue and even get worse. There is, however, some hope for enough local supply in the near term to help with some of the indigenous problems. Consider, for example, Egypt, which has the largest population of the countries in its immediate vicinity.
20 years after its oil peak this country is now embroiled in a serious energy crunch. Crude oil production will decline between 3 and 4 % pa while population may grow from 80 million to 100 million by 2030.
A mid-week update.