EIA: “Recent events in the Middle East and North Africa region have unsettled an already tightening oil market, leaving market participants to evaluate and cope with the possible short- and long-term effects of both current and potential supply disruptions. While events that cause oil disruptions may be transitory, their impact on oil production levels can persist for an extended period. Past experience suggests that the absences of internal discord and external conflicts or sanctions are important conditions for a recovery in production.”