The oil market is currently cashing in on the countless geopolitical "lottery tickets" it has on hand.
Last week, Brent and West Texas Intermediate (WTI) both topped $66 a barrel in the wake of a "fever-pitch" rally to prices we haven't seen in over three years.
The takeaway is dead simple: This proves once and for all our thesis that geopolitics is once again setting the energy agenda.
As we speak, three crises are emerging around the world that will have an inordinate impact on energy prices going forward.
Now, the Syria-Russia-Iran nexus is still a factor, but in the wake of allied airstrikes on Bashar al-Assad's government, the formalities of protest and other diplomatic tough talk and face-saving measures have served to deescalate tensions somewhat.
About the Author
Dr. Kent Moors is an internationally recognized expert in oil and natural gas policy, risk assessment, and emerging market economic development. He serves as an advisor to many U.S. governors and foreign governments. Kent details his latest global travels in his free Oil & Energy Investor e-letter. He makes specific investment recommendations in his newsletter, the Energy Advantage. For more active investors, he issues shorter-term trades in his Energy Inner Circle.