• 4 minutes The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 8 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 17 hours Once seen as fleeting, a new solar tech proves its lasting power
  • 5 days "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 8 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 8 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas

Breaking News:

Oil Should Stay In Triple Digits: Analyst

Editorial Dept

Editorial Dept

More Info

The New Oil Reality In Syria

The Turkish Gambit

It’s official: Syrian Kurdistan has ceased to exist. Turkey and Russia have cut a deal that will allow Turkey to occupy a buffer zone in northern Syria, and that’s where the Turkish gambit ends. That buffer zone accomplished two things: It removed the Syrian Kurdish threat to Turkey’s border and created a space for Turkey to relocate Syrian refugees.

Syria’s oil will now go to Assad, keeping in mind that Russia has exclusive E&P rights. The largest oilfield, Al Omar, was nominally under the control of the US and the Syrian Kurds until last week. While the Pentagon has said it is possible that some US troops will stay behind to protect this oilfield, that seems increasingly unlikely and unfeasible.

Now, assuming the remaining players on this field can fight back an ISIS re-emergence, the oil and gas will be Assad’s - and Europe will want it.

This is the point where we get to see that geopolitical and military alliances such as NATO have lost their relevance to natural resources.

What will emerge out of this rubble is a new Syria, thanks to NATO-member Turkey, that - after a couple of hundred billion dollars in reconstruction - will emerge as a supplier of oil and gas to the European Union, and everyone will pretend that this isn’t Gazprom, again. But it will be. Not only will Assad get his oil back, but Iran, Iraq and Syria will get a new Russian-backed pipeline that will further undermine…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News