Tuesday, January 19, 2016

A war over oil is brewing

I think there will be war in the middle east, and soon. Yes, it will be over oil, but not in the way most would think. I believe there will be war in the middle east to push the price of oil higher. Why? Because if oil stays as low as it is, most middle east countries will go broke and have massive civil unrest as a result. Oil is the life blood to the middle east (and several other oil producers like Venezuela and Nigeria). Without substantial revenues, most oil producing countries can’t provide all the subsidies, services, transfer payments they give their citizens. When that happens the citizens will revolt and riot threatening the ruling elites. That will not be allowed and war is the only option left to the elites to safe their positions. So war is brewing and will boil over. And that will probably be sooner rather than later.

What do you think?