Five Countries Are Now At High Risk Of Unrest Because Of Low Oil Prices

Reuters

FOX News: Oil Plunge Raises Fears of Societal Unrest

With Wall Street shops like Goldman Sachs (GS) and government officials in Venezuela signaling oil could go to the mid-$20 per barrel range next year, analysts at places like RBC Capital Markets have been warning that chronically low oil prices plunging towards seven-year lows means increasing social chaos in countries on the edge—including those battling ISIS.

Five countries are high on the radar screen for societal risks from low oil prices, which RBC Capital Markets has labeled the “Fragile Five.” They are Algeria, Iraq, Libya, Nigeria, and Venezuela. ISIS operatives are believed to be in most of these countries.

Previous Post: Are Low Oil Prices Aggravating Internal Conflicts And Civil Wars?

WNU Editor: Even if oil prices were high .... these countries would be facing unrest.