– Chapter 5 –
War in the Middle East: An Old Story. An Ongoing Driver of $500 Oil.
The world is a dangerous place.
For decades, geopolitical issues have caused huge swings in oil supply and prices. Wars, terrorism, natural disasters, and other unforeseen circumstances could all drive prices to record heights.
You see, the market likes stability. And it hates volatility.
You know from Chapter 2 how quickly geopolitical risks can send the price of oil swinging. Conflicts in the Middle East have historically led to large swings in oil prices. But today, there are other hot spots as well...
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