Editor's letter: February 2011

Patrick Blum - Energy Risk

As if one needed reminding, the precariousness of the economic recovery was recently underlined by two events. First, UK data showed GDP growth in the country had declined 0.5% in the fourth quarter of last year. The figure and strong fall were unexpected and while it may be partially revised upwards when fuller data is available, it reignited fears of a double-dip recession in the UK.

Then events in Egypt provided another warning by sending oil prices sharply up and above $100 per barrel for

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