Iraq Breaks Down, Oil Surges by Chris Martenson The situation in Iraq is serious, and is probably going to get worse before it gets better. The potential for this recent action to morph into a regional conflict is very high. That that means that oil could go a lot higher, and if it does, we can expect the odds of a global economic recession and an attendant financial crisis to go up considerably from here. Iraq Breaks Down, Oil Surges by Chris Martenson The situation in Iraq is serious, and is probably going to get worse before it gets better. The potential for this recent action to morph into a regional conflict is very high. That that means that oil could go a lot higher, and if it does, we can expect the odds of a global economic recession and an attendant financial crisis to go up considerably from here.
Oil at Risk PREVIEW by Chris Martenson Executive Summary Why this Iraq crisis comes at a very vulnerable time for world oil markets The three mostly likely outcomes to the current crisis, and the resulting oil price of each ISIS remains contained from here ISIS takes Bagdad and points south A more widespread Middle East conflict erupts The growing risk to the… Oil at Risk PREVIEW by Chris Martenson Executive Summary Why this Iraq crisis comes at a very vulnerable time for world oil markets The three mostly likely outcomes to the current crisis, and the resulting oil price of each ISIS remains contained from here ISIS takes Bagdad and points south A more widespread Middle East conflict erupts The growing risk to the…