The Situation Room: Taking a Look at Post-Thanksgiving Geopolitics

The Situation Room: Taking a Look at Post-Thanksgiving Geopolitics

by | published December 2nd, 2019

It’s that time again, when you’ve digested your large Thanksgiving meal, watched some football, and now it’s back to work. I hope you all had a good vacation, and are ready to take a look at what I have going on this week.

I’m still going over what went on in the meetings in Paris, but now that we’re closing in on the end of 2019, there are even more things to keep an eye on.

In particular, I’m working on my 2020 energy forecast, which will be released very soon, so keep an eye on your inbox for that.

Meanwhile, there are events in energy and geopolitics that will hold my attention this coming week.

Below are my top focus points…

1. Tariffs for Everyone

Thanksgiving weekend saw yet another announcement of new U.S. tariffs being levied. These latest are the renewal of tariffs on steel and aluminum tariffs against Argentina and Brazil.

Now, these tariffs could have significant impact in several areas, but this week I’ll be looking into the impact this could have on both the U.S. oil field service and defense industries.

While on patrol in Kandahar, Afghanistan, First Lieutenant Joshua Jones’ Humvee rolled over an IED buried in the dusty road.The explosion transformed his vehicle into a “twisted inferno.”

And while he was able to escape the wreckage, First Lieutenant Jones was massively bleeding out from his right arm and left leg.

If First Lieutenant Jones didn’t receive treatment soon, he was going to die.

Army medics rushed in and applied tourniquets on his arm and leg and compression dressings on his wounds.

But it wasn’t enough. So the medics brought out the army’s latest breakthrough in medical technology.

Just click here to learn what it was and how it saved his life.

2. The Chinese Opinion

U.S. shale production numbers have been skyrocketing over the last few years, thanks mostly to the Permian Basin, the most prolific oil field in the country. Production hit about 12.9 million barrels of crude oil per day this year.

This increase has caught the attention of the Chinese, who are of the opinion that U.S. shale production has reached its market limit and will begin moving down.

This opinion is being used as a base for Chinese energy policy. As a result, I’ll be examining whether this Chinese position on U.S. shale production peaking is warranted, and what it means for the future.



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