“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
Related posts:
Why You Hear Nothing About The West, Texas Firefighters
Bill Bonner: What if Mr. Summers weren't so brilliant, after all?
Sovereign Debt Pile-Up Spurs Wave Of Downgrades To Kick Off 2017
Paul Ryan's corporatist past gives way to populist talk
Tor and the Silk Road takedown
The Guns of Zagreb
Edward Snowden's not the story. The fate of the internet is
Thomas Sowell: Can It Happen Here?
Bush-Era Diplomatic Official Endorses Military Coup In Venezuela
Shelter in the Storm
A Bad Argument for Bombing Syria
Emergency Powers Spell Corrosion of Liberty and Safety
Sandy Hook Massacre: Sympathy from the Devil
The Smartphone Wars: Nokia gives it up for Microsoft
More Data on Why California Will Become the Next Greece