It what sounds like a dream scenario for U.S. consumers, Ian Bremmer, president of Eurasia Group, says oil prices could "crater" in 2014 and OPEC could "fall apart."
But a serious decline in energy prices could lead to a nightmare for U.S. policymakers as "expanding unrest" in the Middle East is one of Bremmer's 'top risks' of 2014.
First, the good news: If a comprehensive deal over Iran's nuclear program is reached -- and Bremmer sees a-better-than 50% chance it will -- "then oil prices are cratering through $80" (the presumptive floor currently set by the Saudis), he says. "OPEC falls apart in that environment."
Again, this sounds like great news for American businesses and consumers, as well as emerging market economies. (more)Please share this article
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