• 4 minutes USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 10 minutes IT IS FINISHED. OPEC Victorious
  • 16 minutes GOODBYE FOREIGN OIL DEPENDENCE!!
  • 31 mins Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 21 hours The Great Climate Change Swindle
  • 2 hours End of EV Subsidies?
  • 14 mins Maersk's COO statment.
  • 2 hours Price Decline in Chinese Solar Panels
  • 18 mins Trump accuses Google Of Hiding 'Fair Media' Coverage of him
  • 1 day S. Australia showing the way
  • 1 day More OPEC Members May Leave
  • 23 hours China Builds LNG Icebreaker
  • 3 hours EPA To Roll Back Carbon Rule On New Coal Plants
  • 1 day Exxon buys green power.
  • 2 days I Believe I Can Fly: Proposed U.S. Space Force Budget Could Be Less Than $5 Billion
  • 2 days Qatar Leaving what is the effect on prices
Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Geopolitics and the Changing Oil Market

In the oil markets today there’s a lot to talk about, almost too much.  I have never seen such a disarray of geopolitical influences on the oil market at any other point in my 25-year career and it comes at a time when financial influences are similarly changing quickly.

Stay with me for a moment, because the only way I can get you to understand what’s happening in oil, now and in the future, is to get a little wonky on you and take you into my world of financial and not fundamental oil.  I outlined my career thesis on the oil markets in my 2011 book “Oil’s Endless Bid” but the most important point I made was that financial inputs into oil markets have been more critical to understand than even the most basic fundamental challenges of supply and demand.  That remains even truer today than in 2014.  

Here’s what I mean:  I could not, in perhaps even my wildest dreams, imagine an oil market that is under more geopolitical risk than it is today:  The Saudis are ever suspicious of the Iranians, with oil their only political lever; Iran cannot find a nuclear agreement that satisfies them and sanctions are again a looming possibility; Syria still smolders; The Russians have seen a commercial jet shot down in disputed airspace with an ex-Republic that controls virtually all of the EU’s energy supply; Libya’s oil supply is dependent on who’s controlling the ports this week and Israel saw…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions




Oilprice - The No. 1 Source for Oil & Energy News
-->