East Vs West, Geopolitics and Oil - Weekly Update: SLF, GWO, MFC, PWF, WCP
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When it becomes widely expected there will be clear sailing for financial markets, then all the good news tends to be valued in. This leaves not much room for surprises, especially when it involves international relations going sour, accompanied by increasing military presence.
The east vs west battle is nothing new, the political and religious divides have been going on for centuries, except the basic terms of engagement have been altered by technology. The bargaining power once held by the major eastern oil producers has waned. The world is about to find out just how much; oil prices will be the evidence.
Rapidly rising oil prices were the tipping point for the Global Financial Crisis, the odds of that happening again are possible, but increases in oil supply make a repeat unlikely. Possible outcomes for the economy and oil prices from rising geopolitical tensions are reviewed in this weeks update.
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