Oil Falls as Record Iraqi Output Seen Compounding Surplus – Bloomberg Businessweek

Greater Middle East

Greater Middle East (Photo credit: Wikipedia)

This is an insightful article from Bloomberg Business Week. It’s a recommended read. Check it out!

via Oil Falls as Record Iraqi Output Seen Compounding Surplus – Businessweek.

Whilst a weakened oil cartel should be good news for everybody apart from the oil exporters, there are risks. In particular, there is concern that political risks will increase with collapsing oil prices. In particular, there is acute sensitivity to a military escalation in the Middle East. I worry that there will be a ‘deliberate act’ in the Middle East to force a reversal of oil prices.

Thoughts?

 

China aims for stronger links with fragile Europe – People’s Daily Online

English: Logo of the People's Daily 中文: 人民日报题字

English: Logo of the People’s Daily 中文: 人民日报题字 (Photo credit: Wikipedia)

This is an important lead article from the People’s Daily, China’s leading and influential newspaper. It’s a must-read. Check it out!

China aims for stronger links with fragile Europe – People’s Daily Online.

Many feel that under President Obama, the US foreign policy has shifted against Europe’s best interests.

Is this a geo-politic shift, with China ready to exploit reduced US interest in Europe?

Thoughts?