• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 6 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 2 days The United States produced more crude oil than any nation, at any time.
  • 2 days China deletes leaked stats showing plunging birth rate for 2023
  • 22 mins Bad news for e-cars keeps coming
  • 3 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
Editorial Dept

Editorial Dept

More Info

Global Energy Advisory – 4th September 2015

Politics, Geopolitics & Conflict

If nothing else, we have Yemen to thank for upwards oil price volatility. So while the Saudis continue to play their high-output game, keeping oil prices low, at the same time the Saudi troop incursion across the border into Yemen with boots on the ground is causing intermittent oil price spikes. Saudi troops have entered Northern Yemen and taken control of two areas in the Saada province, the Shi’ite Houthi stronghold. The war affects oil prices because a key focus here is on Yemen’s oil-rich Marib province, which supplies the capital, Sanaa, which is under the control of Houthi Shi’ite rebels, nominally backed by Iran. The Saudis—in time-honored US-style bungling—are using this battle field as a proxy war against Iran. The initial beneficiaries will be Sunni jihadists who will gain a foothold in Yemen’s oil thanks to the Saudi (Sunni) meddling here. Right now, pro-government forces are trying to push the Houthis out of Marib province. If they do this, the rebels will likely be forced toward the Saudi border. In the meantime, Yemen’s port of Aden is increasingly becoming a jihadist playground—with IS allies infiltrating at what we are told is a steady rate. The Saudi-Iranian proxy war has made it possible for the IS to gain a solid foothold here, so consider this the extension of what is going on in Iraq and Syria.

Discovery & Development

• The big news of the week in terms of discovery is Italian Eni SpA announcement…




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