Economic & military discussion

Analysis of economic development: implications for the world power balance
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Next target: Iran - behind the drone strikes?

(2019-09-21 07:13:08) 下一个

Next target: Iran - behind the drone strikes?

Oil price shall rise in the short to mdium term because of the drone attack on the Saudi oil facilities. People are worrying, and wondering who did such a terrorist strike.

Iran denied the allegation that Iran was behind this. 

A military option seems not for President Donald Trump, although a unclear number of the US troops will be sent to Saudi for unclear objectives. Analysis of the development strongly suggests that President Trump be a real peace-loving person who does not favor using force to solve the Middle East problems. This matter alone demonstrates that President Trump deserves the Nobel Peace Prize! Also, he fired his national security adviser a few days ago, and would withdraw the US troops back home from Afghanistan. Indeed, President Trump is a peace-loving president leading the most powerful force in the world. This benefits all people including Americans.

However, the Iranian issue is still at large. Nobody likes the rise of oil. Iran may increase exporting its oil, but the US sanction on Iran has not been lifted. Russia may pour out more oil in the market to fill the supply gap. All will trigger oil price going up. The people in those countries without oil resources shall suffer.

Of course, the US is able to put more oil in the market too, because of the technology advance resulting in increase in petro production within the country becoming a net oil export nation.

Anyway, no clues as to next step are put on the table yet.     

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