If Syria Falls, Expect a Pop in Oil Prices

“If Syria does fall, the next logical target would be Iran, which would create chaos in the global oil markets. Today, Iran provides about 20% of China’s daily imported oil – only Russia provides more. If Iranian oil stops flowing to China, the Chinese will be required to go to other sources to buy over 500,000 barrels of oil, which would instantly increase the spot price of oil.  Just what is going on in Syria? Syria is the first salvo in a war that puts Iran, China, and Russia against the US and its allies. The American government has thrown its weight behind the Sunnis, whereas Iran, China, and Russia have been backing Bashar al-Assad, the Shi’a leader in Syria.”

http://www.caseyresearch.com/cdd/if-syria-falls-expect-a-pop-in-oil-prices

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