Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

SOCGEN: The Syria Conflict Could Spill Over Into Iraq, And Brent Oil Could Surge To $150

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

JOE WEISENTHAL
Business Insider
August 28, 2013

Michael Wittner at SocGen has produced a special 3-page note and he’s got his eye on Iraq, where violence is getting worse, and where the fighting in Syria has a parallel.

Wittner writes:

Our big worry is Iraq. The Sunni vs. Shiite conflict in Syria has a direct parallel in Iraq, and the violence in Iraq has reached levels not seen since 2008. For oil, the northern pipeline carrying Kirkuk grade to Ceyhan, Turkey in the Med has been repeatedly attacked for the last 2-3 months, reducing exports from 350 kb/d to under 200 kb/d (on average). Our concern is that the oil-directed attacks move south and potentially disrupt the 2 Mb/d of Basrah grade exported through the Basrah port complex on the Persian Gulf. There are signs that the non-oil violence (bombings, etc) may be moving south, and oil-directed attacks may follow. Iran, who is Syria’s only state ally in the region (Hezbollah and Russia are Syria’s other allies), may choose to stir up such attacks, in order to hurt the economies of the Western countries by causing an oil price spike.

Full article here

This article was posted: Wednesday, August 28, 2013 at 5:08 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Help Baby Olivia Survive Her First Christmas See the rest on the Alex Jones YouTube channel.

Sexodus: Why Are Young Men Giving Up On Women? See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.