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Oil no longer drives Mideast policy

Posted on 03 September 2013

As the Obama administration wrestled this week, more or less in public, with its options for responding to a poison gas attack in the Damascus suburbs, one consideration was conspicuously absent: the potential effect on oil prices.
We may look back on this moment as a waypoint marking a shift in the balance of geopolitical power, one that favors America and its allies and weakens Middle East autocracies, along with Russia, which is Syria’s chief apologist. (Whether the current administration is prepared to take advantage of this power shift is another matter.)……………………………………….Full Article: Source


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VRS - who has written 34673 posts on Opalesque Commodities Briefing.


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