A picture taken on November 25, 2013 shows oil rigs in the Kurdish town of Derik, Syria (AFP Photo) / AFP
Alexander Temerko, The Guardian: Putin's Syria strikes are a long-term play for higher oil prices
How the Russian president’s real aims are securing both energy markets and his reputation back home.
Russian airstrikes in Syria, the first launched by Moscow outside the former Soviet Union since 1979, have set the tone for what’s to come. The escalating attacks have mainly targeted moderate, western-backed rebels. Civilians have also been hit, while Russian jets have twice violated Turkish airspace.
These immediate transgressions have shown that Putin, as always, will go his own way in this war. He will draw on as much of his military strength as he needs to, he will use indiscriminate force, and he will bully and intimidate the west’s regional allies.
Previous Post: Is Russia's Military Operation In Syria 'Rescuing' Global Oil Prices?
WNU Editor: Alexander Temerko is correct that Putin's priority is Russia, and what he is doing now in Syria is being done with a Russian audience in mind. And as to the price of oil, probably a factor, but not the main reason why Putin ordered Russian forces into Syria.
Update: This is an interesting analysis with Saudi Arabia in mind .... Here's what Russian intervention in Syria means for oil (Business Insider).
Update #2: Here is one well known American oil man and his analysis on Russia's involvement in Syria, and its impact on oil .... Boone Pickens: Russia 'new sheriff' in Mideast (CNBC).
1 comment:
Syria is what part of the world's supply?
Of course when supplies are taught, it makes a big difference.
Then again the invisible hand has a much better answer.
Post a Comment