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To: bananaman22
Military Action In Syria Doesn't Affect Oil Prices

Two reasons. First the world is in an oversupply condition relative to current demand. Small interruptions in supply don't leave the global demand searching for more oil; it is readily available without significant price jump.

Secondly, Syria today is rather insignificant in their share of the global oil supply. A lot of what they were producing a couple years ago is barely trickling out already.

2 posted on 11/18/2015 9:03:41 AM PST by thackney (life is fragile, handle with prayer)
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To: thackney

There is an oil pipeland that runs along the golan heights from jordan, i think, to the med. Even during the ‘73 war it was pumping oil.


3 posted on 11/18/2015 11:07:36 AM PST by bravo whiskey (we shouldn't fear the government. the government should fear us.)
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