• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 1 hour Pioneer's Sheffield in Doghouse. Oil upset his bragging about Shale hurt prices. Now on campaign to lower expectations, prop up price.
  • 40 mins Tesla Launches Faster Third Generation Supercharger
  • 3 hours Who writes this stuff? "Crude Prices Swing Between Gains, Losses"
  • 3 hours Passerby doused with flammable liquid and set on fire by peaceful protesters
  • 1 hour Climate Change Consensus Shifts in Wind, But Gas Is Still the Right Move
  • 5 hours EU has already lost the Trump vs. EU Trade War
  • 8 hours Atty General Barr likely subpeona so called whistleblower and "leaker" Eric Ciaramella
  • 10 hours Iran Finds New Oil Field With Over 50 Billion Barrels: Rouhani
  • 3 hours China's Renewables Boom Hits the Wall
  • 7 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 12 hours Iran's Master Plan?
  • 7 hours Trump On Farage's Radio Show ... #eggcarton

Breaking News:

Oil Rebounds On Surprise Crude Draw

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