9 years ago
2
If Oil Prices Don't Rise, the Middle East Will Sink
The ongoing collapse in oil prices that began two years ago is setting the stage for a catastrophic situation in the Middle East if it continues. That catastrophe could come in three stages of war: civil war within the boundaries of each sovereign; war between sovereign states; and most broadly, for the intra-Islamic fight between the Sunnis and Shias to devolve into a war of finality between them, with one side vanquishing, conquering and perhaps even attempting to extinguish the other. I first addressed the potential for oil prices to be caught in a secular decline...
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So, we get cheap oil and the medieval theocracies destroy themselves.
Hey,wait..Aren't they already doing that!?