Loading...

To post, comment, or enjoy any of the other features of Einztein, please register.
Already registered? Then log in!

Join Now
Discussions Discussion Global Geopolitics
Steurt Strickland, Dec. 23, 2011

Oil and geopolitics: a turbulent year, and no end in sight

Kazakhstan unrest — violence in the western city of Zhanaozen in which some 14 protesting oil workers were killed — caps an extraordinarily turbulent year in the world’s oil regions.

The distribution of power has been shaken up in the Magreb countries of Egypt, Libya and Tunisia, and violence continues to threaten the rulers of Syria and Yemen.

Saudi Arabia is spending some $130 billion to stave off its own public dissatisfaction.

In Russia, Prime Minister Vladimir Putin’s seemingly unassailable hold on power has been challenged by a botched decision to return to the Kremlin, and a rigged parliamentary election.

All in all, the uprisings have helped to push annual average oil prices to their highest level in history, exceeding $100 a barrel.

Look for the global turbulence to continue well into next year… good analysis at the URL:

http://oilandglory.foreignpolicy.com/posts/2011/12/22/oil_and_geopolitics_a_turbulent_year_and_no_end_in_sight

This week’s eyewitness video of police killing and beating of protesting Kazakhstan oil workers

http://youtube.com/watch?NR=1&feature=endscreen&v=XKXzcylIjPE
Steurt Strickland
Comments

Please register or log in to post a comment.

Steurt Strickland

12 Posts
0 Groups
1 Discussion

Privacy Setting

Anyone can see the Discussion and any member can join and post

Anyone can see the Discussion but only members approved by moderator can join and post

Only members approved by moderator can join, post and view Discussion

You have created a new object.
Would you like to edit page?

Are you sure?