• 3 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 6 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 8 minutes OPEC is no longer an Apex Predator
  • 12 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 2 hours Australian Voters Reject 'Climate Change' Politicians
  • 8 hours Australia Election Summary: "This was the Climate Change Cult Election, and the Climate Change Cult Lost"
  • 44 mins Shale to be profitable in 2019!!!
  • 12 hours Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 3 hours Global Warming Making The Rich Richer
  • 16 hours IMO2020 To scrub or not to scrub
  • 16 hours California Threatens Ban on ICE Cars
  • 16 hours China Downplays Chances For Trade Talks While U.S. Plays ‘Little Tricks’
  • 12 mins Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 2 hours Shell ‘to have commercial wind farms’ by early 2020s
  • 8 hours Misunderstanding between USA and Iran the cause of current stand off, I call BS
  • 16 hours Wonders of Shale- Gas,bringing investments and jobs to the US
  • 8 hours DUG Rockies: Plenty Of Promise, Despite The Politics
  • 12 hours Some Good News on Climate Change Maybe

Global Energy Advisory 4th December 2015

Politics, Geopolitics & Conflict

Russia has hit Turkey with a bit of economic warfare in the form of embargoed goods, targeting most damagingly Turkey’s textile and tourism industries. Notably, there is no mention of cutting of Russian gas for Turkey.

This would be a move Russia could ill afford right now. Moscow needs Turkey both as a gas customer and as a very significant gas-transit point. But the bigger picture here can only be arrived at by historical comparisons. And when we do this, a frightening bigger picture emerges. For Turkey, ISIS offers an ill-perceived pathway back to the glories of the Ottoman Empire, which controlled a Sunni Arab empire—and, incidentally, used Palestine as a wasteland that was one of the first breeders of the ‘Palestine problems’ today, later fomented further by the British, the French and powerful Arab kingdoms who definitively did not have the interests of the Palestinians in mind; rather used and abused them to the point of no return.

Turkey’s leader, Recep Tayyip Erdogan, likely sees an opportunity here—in line with an egomaniacal profile—to restore the Ottoman Empire after a fashion. Turkey has long harbored these greater ambitions, which would give them more clout against the Kurds and even against the oil-powerful Saudis. Many right now are ignoring the threat of ISIS because they foresee this as the only existing front against Shi’ites—which means against a…




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