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Diário Económico - Portugal | Friday, February 25, 2011

Revolutions have their price

The freedom fight in the Arab world is garnering praise all over the world, but it has an unpleasant side-effect, the business paper Diário Económico notes: "The beauty of the revolution has its price, and by no means a paltry one: 100 dollars. This is the average oil price since the beginning of the year - up to yesterday. On Thursday the barrel of Brent crude oil was trading at 120 dollars in London. The tensions in the Arab countries - the world's biggest exporters of black gold - are a fuse that is growing shorter and shorter and getting far too close to the powder keg. And the markets fear another oil shock like the five previous ones. ... It may be a small region at the centre of the tensions this time round but the impact will be far-reaching - all the way to Portugal."

» To the complete press review of Friday, February 25, 2011

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