The US will begin arming the Kurds. How will all of this affect the world's oil prices?

Discussion in 'General Trading Discussion' started by Allison2021, Aug 11, 2014.

  1. Allison2021

    Allison2021 Well-Known Member

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    The US will begin arming the Kurds. How will all of this affect the world's oil prices?
    Will the price of a barrel of oil increase greatly as a result of our, US, military completing a war against ISIS via a proxy, the Kurds?
    The stronghold of the Kurds, Irbill, is where our US Consulate is located. We have the right to protect our embassies and consulates. We must also protect our interests. The Kurds are a part of our interests.
     
    Last edited: Aug 11, 2014
  2. jondjacob

    jondjacob Well-Known Member

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    As for your question on oil prices, I think that it will have minimal to no affect on them...with regard to your second statement, atrocities are happening that I can't imagine air strikes will make better, so arming the Kurds seems logical...ultimately, fighting is not the answer for the future, but it might have to be the answer for today.
     
  3. wulfman

    wulfman Guest

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    The genocide of the Kurds is a reflection that human beings learn nothing from the past. Do these Islamic militants think the world will not intervene when this mass killing takes place. Their religion also has many elements of Islam to it.
     
  4. allswl

    allswl Member

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    Arming the Kurds will escalate the conflict and as such oil prices. The alternative of the Islamic State gaining control over Erbil, would lead to Iraq’s oil production being affect and, as such, the amount of global oil available. Prices would go up and since Europe and the rest of the world are still in the recession economies will suffer.
     
  5. Casper

    Casper Well-Known Member

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    Its all about geopolitics. The 'terrorists' are just cannon fodder on the political chessboard of the elite.

    http://www.oil-price.net/en/articles/isis-creates-an-oil-shock-but-why.php

    Net result is a reversal of the predicted $60 barrel of oil, back up to $120
    Arming the Kurds will lead to their claiming independence, (something they have long sought). Washington will recognise them as this was part of the plan. especially now they are supplying little bro, Israel with oil.
     
    Last edited: Aug 17, 2014
  6. Casper

    Casper Well-Known Member

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    It should also be noted that whilst Obama went back into Iraq under the 'humanitarian banner' of saving the Yazidi's, in reality it was to secure the oil. Proof of the pudding is that they are actually bombing ISIS near Erbil which is nowhere near where the yazidi's are. Also they have been downplayed now and the 'risk' is no longer a major issue but the 300 or so 'advisers' are still deployed, (in or around Baghdad ). Also Washington is still withholding the arms to Malaki. I am convinced Iraq will be broken up into three states within a year.

    It should also be noted that ISIS control the dam near Baghdad, (which is notoriously weak and in need of constant repairs), which could be used as a weapon which could flood Baghdad. But ISIS, for all their barbarism and fanaticism, seem to be playing by the economic rule book and keeping the oil infrastructure intact. They will be around for years as the bully boy thugs of the elite and as the bogeyman to justify ramping up U.S military spending, spying 'humanitarian intervention' and generally as a 'plausible deniable force' to effect regime changes in the area; especially now they are well armed with U.S equipment.

    They will soon be redirected into Syria and they will then be known as 'freedom fighters' against the 'despicable Assad regime'.
     
    Last edited: Aug 17, 2014
  7. Casper

    Casper Well-Known Member

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    The other thing is, oil from fracking costs at least $75 per barrel to produce so the price of oil cannot be allowed to fall below that figure for any length of time.
     
  8. wulfman

    wulfman Guest

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    So the US is not actually sending troops? Only arming the Kurds?
     
  9. Casper

    Casper Well-Known Member

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    I believe there are currently 300 'advisers' in Iraq. Obama has refused to have U.S troops there over massive disagreements between the Whitehouse and Malaki (as well as the Whitehouse and Karzai of Afghanistan), over their refusal to sign an 'immunity agreement' protecting U.S personnel and the U.S from legal action over crimes committed whilst in these Countries.

    http://www.theguardian.com/world/2013/nov/24/hamid-karzai-refuses-to-sign-us-afghan-security-deal


    It looks like all that could change now due to Malaki being removed.

    http://www.counterpunch.org/2014/08/15/why-obama-want-maliki-removed/
     
  10. Casper

    Casper Well-Known Member

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    [h=3]Why Obama Wants Maliki Removed[/h]
    Why Malaki out? - informationclearinghouse


    "Oil, that’s why. Let’s put it this way: There are 10 reasons why Obama bombed ISIS positions outside of Ebril. They are:
    1–Exxon Mobil
    2–Chevron
    3–Aspect Energy
    4–Marathon Oil Corporation
    5–Hillwood International Energy
    6–Hunt Oil
    7–Prime Oil
    8–Murphy Oil
    9–Hess Corporation
    10–HKN Energy"
     
    Last edited by a moderator: Jul 8, 2016

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