This is an excellent, must-read, article from the Business Insider Australia. Check it out!
via Why An Oil Crash Is Exactly What Obama Needs | Business Insider.
Whilst the article oversimplifies, it makes a powerful point. The Obama administration has been dealt a windfall or a hand-full of wild-cards. This has happened despite Obama’s disastrous foreign policies.
Much as I have little respect for Obama and his achievements, the article highlights that despite domestic political gridlock in the US, Obama potentially wields enormous political leverage internationally because of low oil prices. Given the oil crash, Obama can still leave an important legacy but he will need to be more robust and decisive in 2015. Obama could do worse than follow George Bush‘ approach to allies.
It is perhaps time for Obama to come to terms with ‘big-business’. Obama needs US multi-nationals to take a hard look at their investments in Turkey. [See earlier blog about the ‘political risk’ in multi-national investment decisions in Turkey].
Any thoughts on how Obama will play his wild-cards?