Sunday, 14 August 2016

If Oil Prices Don't Rise, the Middle East Will Sink

If Oil Prices Don't Rise, the Middle East Will Sink

The ongoing collapse in oil prices that began two years ago is setting the stage for a catastrophic situation in the Middle East if it continues. That catastrophe could come in three stages of war: civil war within the boundaries of each sovereign; war between sovereign states; and most broadly, for the intra-Islamic fight between the Sunnis and Shias to devolve into a war of finality between them, with one side vanquishing, conquering and perhaps even attempting to extinguish the other. I first addressed the potential for oil prices to be caught in a secular decline...
Read more: http://realmoney.thestreet.com/articles/08/13/2016/if-oil-prices-dont-rise-middle-east-will-sink?source=Snapzu

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