Roubini : fear premium could push Oil prices way beyond the $100 a barrel

Nouriel Roubini : "....Beyond the countries affected by the Arab Spring, rising tensions between Shia, Kurdish, and Sunni factions in Iraq since the US withdrawal do not bode well for a boost in oil production. There is also the ongoing conflict between the Israelis and the Palestinians, as well as strains between Israel and Turkey. In other words, there are many things that could go wrong in the Middle East, any combination of which might stoke fear in markets and lead to much higher oil prices. Despite weak economic growth in advanced economies and a slowdown in many emerging markets, oil is already at around $100 per barrel. But the fear premium could push it significantly higher, with predictably negative effects on the global economy. - in Project Syndicate

Roubini : Inflation worrisome in EMs, oil price risky

Nouriel Roubini : “In the next few months equities could rise, because their corporate profits are still strong. The question is whether the economic recovery is going to be sustained and whether some of the risks that we are seeing down the line on the financial markets are going to materialize. I think they would materialize,”



Burgeoning inflation has plagued the emerging markets including India while governments are trying to tame it by tightening of monetary policies. Global investors and experts are concerned about it too.According to Nouriel Roubini , equities may rise over next few months.

Nouriel Roubini on Oil Prices

"If oil goes to $100 today, it will have the same effect on the global economy as what $147 oil had last year," said Nouriel Roubini

Roubini Economy could be hurt if oil gets to $100

By Barani Krishnan NEW YORK, Nov 4 (Reuters) - An economist noted for his early warning that the United States was headed for a housing bust and oil shock said on Wednesday that oil's jump to $80 a barrel is unjustified and that a run to $100 may cause economic stress the way record highs near $150 did last year. "Part of the rise may be justified by global economic recovery...but going from $30 to $80 when demand for oil is down to 2005 levels is very difficult to justify," said Nouriel Roubini, chairman and co-founder of the RGE
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crude may rise to $100 a barrel next year Nouriel Roubini said

Nouriel Roubini, the New York based Professor of Economics
and International Business in
Stern School of Business, New York University and who predicted the financial crisis, said crude may rise to $100 a barrel next year.
Roubini said in 2006 that the worst recession in four decades was on its way. He has attracted attention for his gloomy _ and accurate _ predictions of the U.S. financial market meltdown.
Roubini said the latest surge is just another bear market rally following the pattern of other rallies after the government intervened.