Will War With Syria Cause The Price Of Oil To Explode Higher?

F-16 Photo by TMWolfAre you ready to pay four, five or possibly even six dollars for a gallon of gasoline?  War has consequences, and a conflict with Syria has the potential to escalate wildly out of control very rapidly.  The Obama administration is pledging that the upcoming attack on Syria will be “brief and limited” and that the steady flow of oil out of the Middle East will not be interrupted.  But what happens if Syria strikes back?  What happens if Syrian missiles start raining down on Tel Aviv?  What happens if Hezbollah or Iran starts attacking U.S. or Israeli targets?  Unless Syria, Hezbollah and Iran all stand down and refuse to fight back, we could very easily be looking at a major regional war in the Middle East, and that could cause the price of oil to explode higher.  Syria is not a major oil producer, but approximately a third of all of the crude oil in the world is produced in the Middle East.  If the Suez Canal or the Persian Gulf (or both) get shut down for an extended period of time, the consequences would be dramatic.  The price of oil has already risen about 15% so far this summer, and war in the Middle East could potentially send it soaring into record territory.

We can always hope that cooler heads prevail and that a conflict is avoided, but at this point it does not look like that is going to happen.  In fact, according to Richard Engel of NBC News, a senior U.S. official has admitted that “we’re past the point of return” and that a strike on Syria can be expected within days.

Obama is promising that the U.S. will “take limited, tailored approaches”, and that we will not be “getting drawn into a long conflict, not a repetition of, you know, Iraq, which I know a lot of people are worried about”, but how in the world can he guarantee that?

Syria, Iran and Hezbollah have all threatened to attack Israel if the U.S. attacks Syria.

If missiles start raining down on Israeli cities, the Israelis are not just going to sit there and take it like they did during the first Gulf War.  In fact, according to the Los Angeles Times, “Israeli leaders are making it clear that they have no intention of standing down this time if attacked”.

If Israel is attacked, their military response will be absolutely massive.

And then we will have the major regional war in the Middle East that so many people have been warning about for so many years.  Hundreds of thousands of people will die and the global economy will be paralyzed.

So what will Obama do in such a situation?

Will he pack up and go home?

Of course not.  We would be committed to fighting a brutal, horrific war that there was absolutely no reason to start in the first place.

And we are already starting to feel the effect of rising tensions in the Middle East.  This week, the price of oil rose to a 10-month high

U.S. oil prices soared to an 18-month high as traders worried that a potential military strike against Syria could disrupt the region’s oil supplies.

October crude futures surged 2.9%, to $109.01 a barrel on the New York Mercantile Exchange, their highest close since February 2012. Brent futures ended up 3.2% at $114.28 a barrel, a six-month high.

Posted below is a chart that shows how the price of oil has moved over the past several decades.  Could we soon break the all-time record of $147 a barrel that was set back in 2008?…

The Price Of Oil

And of course we all remember what happened when the price of oil got that high back in 2008.  The global economy was plunged into the worst downturn since the Great Depression of the 1930s.

A major conflict in the Middle East, especially if it goes on for an extended period of time, could send the price of oil to absolutely ridiculous levels.

Every single day, a massive amount of oil is moved through the Suez Canal.  The following is from a recent Wall Street Journal article

To the southwest is the Suez Canal, one such chokepoint, which connects the Red Sea and the Gulf of the Suez with the Mediterranean Sea. The canal transports about 800,000 barrels of crude and 1.4 million barrels of petroleum products daily, according to the U.S. Energy Information Administration.

Another regional oil shipping route potentially threatened by the Syria crisis is the Sumed, or Suez-Mediterranean, pipeline, also in Egypt, which moves oil from the Persian Gulf region to the Mediterranean. The Sumed handles 1.7 million barrels of crude oil per day, the EIA said.

And of course an enormous amount of oil moves through the Persian Gulf each day as well.  If the Suez Canal and/or the Persian Gulf were to be shut down, there would almost immediately be global supply problems.

So how high could the price of oil go?

Well, according to CNBC, some analysts believe that $150 a barrel could easily be hit if the U.S. attacks Syria…

Some analysts believe even U.S. crude, West Texas Intermediate (WTI crude) could get close to the $150 zone. “If oil prices spike on the Syria attack, and surge above $120, the next logical upside target is going to be the 2008 high of $147, which could easily be taken out,” said John Kilduff of Again Capital. “It’s the retaliation to the retaliation that we have to be worried about.”

If the price of oil soars up to that level and keeps going, we could see the price of gasoline go up to four, five or maybe even six dollars a gallon in some areas of the country.

You better start saving up lots of gas money.

It looks like you are going to need it.

15 Signs That Obama Has Already Made The Decision To Go To War With Syria

Obama Nobel Peace PrizeThe Obama administration seems absolutely determined to help radical Islamic jihadists that have beheaded Christians, that have massacred entire Christian villages, and that have pledged loyalty to al-Qaeda topple the Assad regime and take over Syria.  Yes, the Assad regime is horrible, but if these jihadist lunatics take control it will destabilize the entire region, make the prospect of a major regional war much more probable, and plunge the entire nation of Syria into a complete and utter nightmare.  It has been estimated that somewhere around 100,000 people have already been killed in the civil war in Syria, and now it looks like the U.S. military and the rest of NATO plan to become directly involved in the conflict.  The Obama administration is actually considering an attack on Syria even though the American people are overwhelmingly against it, Obama does not have Congressional approval to start a war, and he will never get approval for military action from the UN because it will be blocked by Russia.  This is setting up to become a colossal foreign policy disaster for the United States.

A potential war with Syria has been brought to the forefront because of a chemical weapons attack near Damascus last week that killed as many as 1,400 people.  The Obama administration and several other western nations are blaming this attack on the Assad regime.

But others are pointing out that it would make absolutely no sense for the Assad regime to do such a thing.  They appear to be winning the civil war, and Assad knows that Obama has previously said that the use of chemical weapons in Syria would be a “red line” for the United States.

So why would the Assad regime launch a brutal chemical weapons attack against women and children just miles from where UN inspectors were staying?

Why would Assad risk war with the United States and the rest of NATO?

Assad would have to be extremely stupid or extremely suicidal to do such a thing.

The ones that benefit from this chemical weapons attack are the jihadist rebels.  The odds of foreign intervention in the conflict just went way, way up.

We will probably never learn the real truth about who was actually behind that attack.  And even if it had not happened, the U.S. and the rest of NATO would have probably come up with another justification to go to war anyway.  They appear absolutely obsessed with getting rid of Assad, but they have not really thought through the consequences.

The following are 15 signs that Obama has already made the decision to go to war with Syria…

#1 Syria has agreed to allow UN officials to inspect the site of the recent chemical weapons attack that killed up to 1,400 people, but a “senior U.S. official” says that such an inspection would be “too late to be credible“.

#2 According to ABC News, the White House is saying that there is “very little doubt” that the Assad regime was behind the deadly chemical weapons attack last week.

#3 Four U.S. warships with ballistic missiles are moving into position in the eastern Mediterranean Sea. If the command is given, they will be able to rain Tomahawk cruise missiles down on targets inside Syria within minutes…

U.S. defense officials told The Associated Press that the Navy had sent a fourth warship armed with ballistic missiles into the eastern Mediterranean Sea but without immediate orders for any missile launch into Syria.

U.S. Navy ships are capable of a variety of military actions, including launching Tomahawk cruise missiles, as they did against Libya in 2011 as part of an international action that led to the overthrow of the Libyan government.

#4 CBS News is reporting that “the Pentagon is making the initial preparations for a Cruise missile attack on Syrian government forces”.

#5 On Saturday, Barack Obama met with his national security team to discuss what actions should be taken in Syria.

#6 U.S. Secretary of Defense Chuck Hagel says that Barack Obama has asked him to “prepare options for all contingencies” as far as a conflict with Syria is concerned.

#7 After a phone conversation with British Prime Minister David Cameron about the situation in Syria, the White House announced that both leaders expressed “grave concern” about the chemical weapons attack that took place last week.

#8 Military commanders from the United States, Britain, Saudi Arabia, Qatar, Turkey, France, Italy and Canada are meeting in Amman, Jordan on Sunday to coordinate plans for upcoming attacks on Syria.

#9 According to France’s second largest newspaper, rebel forces that have been trained by the CIA have been pouring toward Damascus “since mid-August“…

According to our information, the regime’s opponents, supervised by Jordanian, Israeli and American commandos moving towards Damascus since mid-August. This attack could explain the possible use of the Syrian president to chemical weapons.

According to information obtained by Le Figaro , the first trained in guerrilla warfare by the Americans in Jordan Syrian troops reportedly entered into action since mid-August in southern Syria, in the region of Deraa. A first group of 300 men, probably supported by Israeli and Jordanian commandos, as well as men of the CIA, had crossed the border on August 17. A second would have joined the 19. According to military sources, the Americans, who do not want to put troops on the Syrian soil or arming rebels in part controlled by radical Islamists form quietly for several months in a training camp set up at the border Jordanian- Syrian fighters ASL, the Free Syrian Army, handpicked.

#10 The U.S. military moved a significant number of F-16 fighter jets to Jordan earlier this year for military exercises, and kept them there afterward “at the request of the Jordanian government“.

#11 According to a government document that Wikileaks released back in March 2012, NATO personnel have been on the ground inside Syria preparing for regime change since 2011.

#12 The Times of Israel is reporting that an internal military assessment has concluded that “Washington is seriously considering a limited yet effective attack that will make it clear to the regime in Damascus that the international community will not tolerate the use of weapons of mass destruction against Syrian civilians or any other elements”.

#13 U.S. Senator John McCain recently said that if the U.S. military does not hit Syria, it will be like “writing a blank check to other brutal dictators around the world if they want to use chemical weapons”.

#14 According to the New York Times, “the NATO air war in Kosovo” is being studied “as a possible blueprint for acting without a mandate from the United Nations”.

#15 The White House has released a statement that says that the Obama administration has no plans to put “boots on the ground“, but it did not rule out any other types of military action.

This is not a conflict that the U.S. military should be involved in.

And we should especially not be on the side of the rabidly anti-Christian, rabidly anti-Israel and rabidly anti-western forces that are attempting to take control of Syria.

The terrorists that the Obama administration is backing are absolutely psychotic.  Just check out the following example from a recent article posted on the Blaze

New video posted on YouTube purports to show the graphic murder – execution style – of three Syrian truck drivers who did nothing more than belong  to a minority faith the local Al Qaeda affiliate does not like.

In the video, a small band of Islamist radicals with the Al Qaeda-linked ISIS (Islamic State in Iraq and Syria) group is seen waving the tractor trailers off the side of an Iraqi road and then proceeds to interrogate the unsuspecting drivers about their prayer habits, trying to discover if they are Sunnis or members of the Alawite minority in Syria.

When they “fail” the Sunni jihadis’ pop roadside quiz, the truck drivers are seated in a line in the median of the road and shot in the back of their heads firing squad style by the self-appointed law enforcers, jury, judge and executioner.

Why in the world would the United States want to arm such people?

Why in the world would the United States want to go to war to help such people take power?

It is utter insanity.

And as I mentioned earlier, most Americans are totally against getting involved.  According to a stunning new poll, 60 percent of all Americans are against U.S. military intervention in Syria, and only 9 percent are in favor of it.

So in light of all that you have just read, why is the Obama administration so determined to help the rebels in Syria?

Please feel free to share what you think by posting a comment below…

Do NOT follow this link or you will be banned from the site!