The oil market ‘is lying to us’ oil execs say
Oil prices held above $100 a barrel on Thursday as peace talks between the US and Iran collapsed before a second round could take place.
Op-eds & Essays by , , • November 17, 2015
The U.S. energy trade has been in the news often recently, with questions such as whether industry will be allowed to send oil overseas or import it via a certain pipeline from Canada. Seemingly forgotten is the historic milestone that will occur early next year when a tanker for the first time ever sets sail from the U.S. lower 48 to deliver liquefied natural gas (LNG) to the global market. Supporters will tout the economic benefits, while opponents will revisit concerns about environmental and manufacturing impacts. Lost in this rhetorical battle is the view from overseas, and the significant geopolitical impacts that U.S. LNG will have.
On February 28, the US and Israel launched new attacks on Iran targeting primarily the country's leadership, security forces, and missile program.
The Iran war has disrupted Eastern Mediterranean gas production, exports, and development, threatened regional energy infrastructure, and increased political and investment uncertainty.
The US-Israeli war against Iran highlights the Gulf’s dual role as the backbone of global energy supply and a major source of systemic risk.
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Op-eds & Essays by , , • November 17, 2015