• 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
  • 4 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days The United States produced more crude oil than any nation, at any time.
  • 10 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days How Far Have We Really Gotten With Alternative Energy
  • 9 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 9 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 11 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
Editorial Dept

Editorial Dept

More Info

Global Energy Advisory July 22nd 2016

Politics, Geopolitics & Conflict

• Turkey took center stage this week after an attempted military coup that was quickly crushed, resulting in what can only be described as a major purge. As of the time of writing this, tens of thousands of public servants, military officials and teachers have been either sacked, arrested or rounded up for investigation. More than 20,000 teachers have had their licenses withdrawn.

The official stance as expressed by President Erdogan is that he is cleaning “the virus” that led to the coup attempt, claiming former ally Fethullah Gulen – a U.S.-based Islamic scholar who manages an international network of Muslim schools – was behind the attempt and asking for his extradition from the U.S. only to be told by Secretary John Kerry that the U.S. side needed hard proof Gulen was behind the coup.

Concern about the situation in Turkey reached a new high on Thursday when Erdogan declared a three-month state of emergency, which gives him virtually unlimited powers. Turkey is a major international energy hub – 3 percent of global maritime oil shipments pass through the Bosphorus strait, which was temporarily closed over the weekend, during the coup. With his new unlimited authority and his tendency to completely disregard (or prosecute) any kind of criticism, President Erdogan has put a huge question mark over the security of oil shipments through the Bosphorus.

European leaders have cautioned…




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