With all due respect to the experts quoted in this article, according to most all of the analysts I follow predict no such debacle, in one case some are predicting more oil may flow as a result of this, not less.
A second assumption made looks erroneous or dated as well, i.e. that Baghdad won’t fall. According to recent stories, that city is already under siege; the water supply has been severed and refugees are fleeing the city in near panic. Baghdad may well fall within the next 24 hours. The critical “Balad” air base north of Baghdad is being evacuated of its US contractors without the aid of the US airforce which hasn’t been activated to help. They are being flown out by the Iraqi Airforce to Baghdad and from there to Abu Dhabi.
The fact of the matter is that Isis or Isil, depending upon the source is moving at lightning speed and they’ve caught everyone flat footed. I just hope and pray the crap bird US gov’t can wake up soon enough to evacuate the US embassy in time to save the personnel.
Is there a US Ambassador in Baghdad?
Wonder what he is thinking right now.