Oil prices rising

The main cause seems to be "Terrorism fears are causing a permanent risk premium to be built into the market," said independent energy consultant Geoff Pyne. In other words oil prices are going to be higher no matter what as long as there is a significant perceived threat of terrorism. This brings forward the economic push to develop alternatives to oil. So it's good news for the long-term health of the planet, it's bad news for those most affected and vulnerable in the meantime to changes in the world economy.