by Marin Katusa, Casey Research:
As is so often the case in the Middle East, religious strife contributes to political strife… and because of the region’s importance in worldwide energy markets, all that strife can foster serious economic uncertainty. The current violence in Syria has followed this predictable trajectory thus far. A US-Russian conference aimed at resolving the unrest has raised hopes of peace, but given the success rate of previous such conferences, one would have to be quite naïve to believe an enduring peace will be achieved. Thus, prudent energy analysts and investors need to consider a variety of outcomes.
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