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Duncan, who has experience in business 30 years in the Gulf, said that the price of crude could top $ 200 (140 ERO), and above the record level of $ 147 in July 2008.
If extremists are using the instability in the Arab world’s bomb fuel oil supply pipe or the Arabs, and May even hit bid $ 250 a barrel, “said Duncan.Analysts fear of causing a recession in the UK.
“I told the authorities two months ago … $ 200 on the cards if it went wrong, if someone ensousyan fomant and anxiety. All you have to predict the danger,” said Duncan. “It can be very serious. If crude oil in pairs, you will have very serious Spike (oil prices). Try to live without it for a week.”
British government is under pressure from the pump price, with 63 percent of the price will be going to the Treasury.
If the worst happened, the current price of # 1.30 ($ 2.10, Ero 1.50) liter at the pump “might seem like a luxury,” said Duncan, pointing to # 4 liters.
“Generation twittered-up now has a massive effect. All Arab countries are moving away. But they are all different,” he said. “The power to change, but you can not do it overnight. We asked them to flick the switch that took me ages to do.” Most of these leaders are not dictators. These are countries with their own history and culture. What do we lecture? We should treat this country with respect. “People who want to go all the unelected to remember Iran,” said Duncan. (AFP)
