Financial Times FT.com

Middle East continues to hold the key

By Dino Mahtani

Published: November 7 2007 18:40 | Last updated: November 7 2007 18:40

When George W. Bush, US president, said last year that the US was “addicted to oil” from unstable parts of the world, he suggested the problem could be mitigated by reducing imports from the Middle East.

However, research published on Wednesday by the International Energy Agency, the industrial countries’ energy watchdog, ­suggests that oil markets everywhere, including the US, are set to become as sensitive as ever to Middle East disruptions.

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