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re: 60 Iraqi battalions unaccounted for or defeated
Posted on 6/23/14 at 11:46 am to LSURussian
Posted on 6/23/14 at 11:46 am to LSURussian
quote:
Doesn't matter who "wins" they will continue to sell the oil.
True, but disruptions will cause unpleasant fluctuations in both short-term and mid-term energy costs. Plus a protracted struggle in the immediate area of production can destroy facilities, wells, and other infrastructure causing an interruption in supply, which can greatly increase oil prices over multiple months, perhaps years - the Iran-Iraq War as well as Iraq's invasion of Kuwait are all examples of this.
1
Posted on 6/23/14 at 11:50 am to Ace Midnight
quote:All of that is based on the fact that there is a war going on, not on who wins. Who wins in irrelevant to oil prices.
True, but disruptions will cause unpleasant fluctuations in both short-term and mid-term energy costs. Plus a protracted struggle in the immediate area of production can destroy facilities, wells, and other infrastructure causing an interruption in supply, which can greatly increase oil prices over multiple months, perhaps years - the Iran-Iraq War as well as Iraq's invasion of Kuwait are all examples of this.
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