How Will Russia's Military Campaign Impact The Price And Supply Of Oil?

The Telegraph: Russia bombing in Syria escalates oil price war with Saudi Arabia

The decision by Moscow to start bombing targets in Syria will rattle crude prices, argues Andrew Critchlow.

Vladimir Putin’s order to begin bombing targets in Syria has left many political pundits in Washington and London wondering exactly what Russia’s ultimate strategic goal is in the Middle East.

Aside from propping up Bashar al-Assad’s regime, the presence in Syria of Russian bombers flying missions against opposition targets marks the biggest deployment of Moscow’s forces in the region since the Soviet intervention in Afghanistan.

Then, as now, oil had a big part to play in the Kremlin’s decision to strike. In 1979, as Russian tanks rolled into Kabul, oil was approaching $110 per barrel and the Islamic revolution in Iran weakened the West’s grip on the dynamics of supply and demand.

WNU Editor: Russia is probably using its oil revenues to finance its war in Syria .... and just like every other OPEC member .... is hurting from the low cost of oil. Is there a hidden oil strategy behind Russia's Syrian military campaign .... I just do not see it (right now). The above video is an examination from Al Jazeera on how Russia is financing its war in Syria.

Update: Hmmmm .... this is interesting .... Is Russia Plotting To Bring Down OPEC? (Dalan McEndree, OilPrice.com)