Article
Global Energy Crisis Or Iranian Surrender In Five Weeks?
Global Energy Crisis Or Iranian Surrender In Five Weeks?
Authored by Brandon Smith via Alt-Market.us
The last time global energy markets witnessed a shock similar to what we might see this year was during the 1973 Arab Oil Embargo. Tensions were escalating in the aftermath of the Yom Kippur War when the Arab Coalition launched a surprise attack against Israel. OPEC nations joined forces to cut off oil to Israeli allies including the US. This froze around 15% of oil exports to America, triggering market speculation, hording and price inflation.
The infection...
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