Liam Denning, Columnist

The Oil Glut Camouflages Some Vicious Black Swans

Prices don't reflect the growing chances of conflict and chaos.
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One of the more disconcerting consequences of climate change is how warmer water is quietly destabilizing large parts of Antarctica's ice sheet -- which might then in turn inflict catastrophic changes to sea levels everywhere.

This is how anyone in the oil market should be looking at the Middle East today.