How would a mass uprising in the middle east affect global oil supplies?



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    What we saw with the revolutions in Libya, Tunisia, and Egypt this past spring caused a huge disruption in their oil production during the events.  This was especially evident in Libya and, on a smaller scale Saudi Arabia.  Libya does produce 1.8 million barrels of oil a day (ninth in the world).  This is a small percentage of worlds oil production but it caused gas prices in the United States to jump as much as 60 cents in a matter of weeks.  In a larger Arab revolution, you could imagine these effects magnified to disrupt gas prices on the global scale.  Anything that required any shipping would become outrageously expensive and gasoline/oil would, in all likelihood, be almost unaffordable.

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