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Global Energy Advisory - 7th April 2017

Politics, Geopolitics & Conflict

• Nothing like an air strike on Syria to bring us back to what everybody hated about Clinton’s foreign policy. It’s taken only a few months in office for Trump to do an about-face on his foreign policy. Welcome back to the status quo, and welcome back to Syria, in a very noisy way. What will it achieve outside of renewed conflict with Russia? It’s great for oil prices, for one. Oil prices love a good military strike, particularly when it was unexpected. It will also give Trump a boost in his ratings, which was sorely needed, and provide a phenomenal distraction from Russia investigations.

The U.S. has launched two guided-missile destroyers in the eastern Mediterranean, firing 59 Tomahawk missiles at Syria’s Shayrat air base—from whence Washington says the Assad regime carried out a chemical weapons attack in Idlib province that killed as many as 80 people.

What actually happened in Syria? There is a lot of spin on this and a menagerie of intelligence groups involved in the mix to the point where agendas are blurred. Just a week ago, the U.S. was talking about how removing Assad was no longer a foreign policy goal. Indeed, it’s a suspiciously timed incident in Syria because it specifically puts the U.S. at odds with Russia and the Assad government immediately after it became clear that the U.S. had largely handed Syria over to Russia and the Iranians. So what happened? According…

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