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Canada Frees Itself From Saudi Oil Imports

Political differences have created a…

Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

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Global Energy Advisory December 16th 2016

Politics, Geopolitics & Conflict

• U.S. President-elect Donald Trump has nominated Exxon CEO Rex Tillerson for Secretary of State, sparking outrage on all sides of the political spectrum. What unites the opponents of Tillerson’s nomination is the belief that he has uncomfortably close ties with Russian President Vladimir Putin and will work to end sanctions against Russia because of his loyalty to his current employer, Exxon. Others, however, argue that if Tillerson becomes Secretary of State, Trump will use him to convince Russia to back down from its strengthening alliance with Iran. This latter suggestion6 is unrealistic. Trump is not equipped to convince Putin of anything, and he will not be successful in any battle of wits with the Russian president.

• Brazil’s government has been shaken by another corruption scandal that could see investment-friendly President Michel Temer lose his job. The scandal is part of an ongoing investigation against a number of politicians and large business leaders accused of graft practices that brought down the senior management of state-owned energy giant Petrobras. Yet Petrobras was not alone in the corruption: construction firm Odebrecht has also been implicated in participation in the bribery network. Now, one Odebrecht executive is accusing Temer and members of his party of collecting millions of dollars in exchange for defending the company’s interests in Congress. The news has caused a fresh…

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