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Meanwhile In Iraq, The Situation Grows More Dangerous

World oil prices & regional stability at high risk now
Monday, August 4, 2014, 6:29 PM

As if there wasn't enough to concentrate on given all that's happening in Ukraine between Russia and the West, and in Gaza between the Israelis and the Palestinians, the situation in Iraq has been taking some decidedly worrisome turns of late.

As ever, we keep our eye on this hot spot because of its special importance to the world supply of oil, any loss of which will rapidly lead to much higher prices. » Read more

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danielo

Iraq Breaks Down, Oil Surges

The context underlying the growing crisis
Monday, June 16, 2014, 11:58 AM

The situation in Iraq is serious, and is probably going to get worse before it gets better. The potential for this recent action to morph into a regional conflict is very high. That that means that oil could go a lot higher, and if it does, we can expect the odds of a global economic recession and an attendant financial crisis to go up considerably from here. » Read more