Saturday, October 11, 2014

The Oil Weapon

Most intelligent people know that the Great Game is all about oil, the horrific incursion of ISIS notwithstanding, because in the end, it's all about oil and having access to it in order for the world's fossil fuel addiction to continue without interruption, something the Saudi's are all too eager to supply, providing it hurts Putin and limits Iran's push to becoming the hegemon of the middle east. Seen above is the breakeven oil price chart, courtesy Zero Hedge & the WS Journal, whereby an interesting tail can now be told. 

Somehow I don't think that's going to happen. Also, this brings up the question of the viability of "unlimited" fracking and oil sand supplies in the US because if our reserves are so large, why is this action needed? Food for thought if you ask me.

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