We could see an unprecedented Russia-Iran oil deal unfold right before our eyes. The two countries met recently to talk export and trade agreements.
We're not sure how most major media outlets missed this alarming news, especially since such a deal could result in Russia's access to the world's most competitive market.
Here's where the "oil swap" could take the Kremlin's crude supply...
We could see an unprecedented Russia-Iran oil deal unfold right before our eyes. The two countries met recently to talk export and trade agreements.
We're not sure how most major media outlets missed this alarming news, especially since such a deal could result in Russia's access to the world's most competitive market.
Here's where the "oil swap" could take the Kremlin's crude supply...
Oil didn't spike after last Friday's massacres in Paris because the chief driver of oil prices has changed.
But that doesn't mean ISIS isn't a player in the global oil market. It certainly is, but its role and impact is more complicated and insidious than the traditional "geopolitical factor."
If you still doubt that geopolitical heat can rattle the oil sector, then we strongly advise you to carefully watch the events that are about to play out.
Because matters are getting worse: U.S. Secretary of Defense Ashton Carter called out the Iraqi military - during a high-profile TV interview no less - claiming it lacks the will to fight.
Here at Money Morning we recently had the opportunity to sit down with Dr. Kent Moors, Money Map Press' Global Energy Strategist, for a quick chat about oil.
Kent had taken time out of his frequent world travels - scoping out the latest global energy profit developments - to stop by our HQ in Baltimore.
Here's what he told us about his "ground level" view of the real impact recent geopolitical events in Iran will have on the price of oil.
It's not what most experts think...
As the oil market focuses on the supply side and the possibility of reaching a nuclear deal in Iran grows, something else has been developing in crude.
Worldwide demand is beginning to surge.
Janet Yellen triggered a move in oil prices on March 19. West Texas Intermediate (WTI) soared 3.7% and Brent jumped 4.4%.
The talking heads jumped on their chance respond. "Nothing the Fed Chair said indicated a retreat from any pending rate hike!" cried the pundits.
So why all the market exuberance? Here what "Yellen's Effect" really means for oil prices...
Most investors have followed what the Fed's QE policy has done to gold, but few realize its impact on oil prices.
Recently, I talked about how crude was beginning to occupy a position as a store of market value ("Why Oil Is Becoming the New 'Gold Standard," May 20, 2013). The development has been a direct consequence of the flight from holding gold.
That flight may be tapering and a new floor established for the next major spike by the metal.
The problem is there is no agreement on which direction that move will be...
These days, a sudden improvement in gold prices may only extend as far as hedge funds and institutional investors covering shorts.
Nonetheless, there is an interesting parallel developing between the plight of gold and crude oil prices.
Major oil traders profit from artificially created market moves, spiking oil prices. Here's what Dr. Kent Moors found... Read more...
