Oil Vultures - OpEd Eurasia Review

Oil Vultures - OpEd Eurasia Review:

"While global debate is going on regarding the United States threat to attack Syria and the entire world is concerned about the potential fallout of this attack, oil vultures are concerned about movement of crude price, in the event the US undertakes this assault.

US President Barack Obama faced stiff resistance at the G-20 summit against attacking Syria without the UN Security Council’s endorsement — which is confusing these vultures. They still believe that the US strike on Syria would spread unrest and further disrupt Middle East crude supplies that would lead to a hike in oil prices.

While, Syria is not a major oil producer, any regional contagion has kept the markets on a tight leash. Many analysts are sitting with crossed fingers and exploring what will happen if a military action against Damascus ultimately gets underway — despite the odds. Pundits seem divided; some are deeply concerned about the long-term impact on oil markets and the instability that it might cause in the region. They are of the view that prices per barrel could easily go up to US$130 or even beyond."

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