follow us like us subscribe contact us
Loading, please wait

TURKEY: Erdogan Fails to Regain Control

By Editorial Dept | Fri, 07 June 2013 21:47 | 0

Bottom Line: If Prime Minister Erdogan continues to mismanage a crisis in the form of 7 days running of mass anti-government protests, the highly influential Gulen Movement will surface to unseat him and reshape the country’s energy ambitions.

Analysis: Mass protests that began benignly over plans to raze the last green park in Istanbul and then turned into mass anti-government riots have continued into their seventh day, with the ruling party and PM Erdogan misjudging their power and failing to get a handle on the situation. What is of most concern is the possibility that the Gulen Movement, a highly influential Islamist group, will take advantage of this opportunity to replace Erdogan with President Abdullah Gul, whom Washington views as a more controllable figure, particularly as Washington is keen to keep the Turks from making any more progress towards an economically independent Iraqi Kurdistan, via oil and gas. Indeed, Erdogan has already hinted at “foreign involvement” in the mass protests. In the meantime, President Gul has adopted an extremely conciliatory response to the protesters, which suggests his agenda is not in line with Erdogan’s. Gul has contradicted Erdogan over the past week, and the Gulen Movement’s mouthpiece newspaper, Zaman, is clearly propping Gul up against Erdogan. While the Gulen Movement has supported the AKP in its rise to power, this may be a sign that that support is being withdrawn. This brings into question…

To read the rest of this article Start a FREE subscription to our premium publication

Oil & Energy Insider - 30 day Free trial

30 day Free trial
A FREE Subscription Includes:
  • Investment advice normally reserved for hedge fund clients.
  • Market & sector research not available anywhere else.
  • Strategic advice from corporate & military intelligence analysts.
  • 9 Weekly Investment / intelligence reports.
  • Full access to all previous reports.
  • 30 days free trial.
Get FREE access to our research for 30 days

An essential resource for all investors in the energy sector whether you're a trader, fund manager or individual investor - this inside look at the energy markets is unlike any other report or service currently available.

About the author

More recent articles by Editorial Dept

Fri 18 July 2014
Too Many Coincidences
Fri 18 July 2014
Goodrich Petroleum Part 2
Fri 18 July 2014
Coal Enters New Phase of Insecurity
Fri 18 July 2014
Global Energy Advisory – 18th July 2014
Fri 18 July 2014
To Frack or Not to Frack