Global benchmark oil prices crept up to two-year highs over the past week or so as tensions in the Middle East and North Africa flare. US intervention in Syria currently awaits a congressional vote, so what will that decision likely mean for near-term price trajectory? It appears the geopolitical risk premium is mostly factored in… Keep reading →
Investment bank Raymond James published a note to investors today examining assertions that US oil production growth may be slowing in light of Energy Information Administration data over the last three weeks showing that supply has risen by 284,000 barrels per day since early July – almost 95,000 bbl/d per week. “Many in the investment… Keep reading →
A ‘Limited Strike’ On Syria? Considerations For Congressional Debate
By Breaking DefensePresident Obama has made it clear that Syria crossed a “red line” by using chemical weapons against its own people. The proposed remedy is to execute a limited strike to change the behavior of the Assad government, but without putting troops on the ground, without regime change or without an international stamp of approval. Congress… Keep reading →