Oil & Energy Investor by Dr. Kent Moors

The Situation Room: Preparing for Paris

by | published November 11th, 2019

I’ve been back stateside with just enough time for my jet lag to settle down in time for me to head across the Atlantic once again.

This time, I’ll be in the City of Love: Paris.

And this trip to Paris is taking on a new heightened importance, a snippet of which you’ll read about down below.

Before I leave, though, there are other matters that require my attention.

So, read on to find out what they are

The Persian Gulf Quandary

by | published November 8th, 2019

When I was younger, I played a lot of chess.

The version of the game that was most demanding was called “fairy chess.” Here, the moves pieces can make change as the game proceeds, further complicated by what our opponent does. If a third dimension is then added to the board, the calculations needed become almost limitless.

What is currently unfolding in the Gulf reminds me of my earlier years of playing chess; of all the recent meetings I had in London, the most disquieting occurred over the ongoing crisis in the Persian Gulf.

We have entered a period in which all of the elements that produced previous attacks on oil tankers, pipelines, and fields/processing locations are still present. The added problem is the level of uncertainty surrounding them.

The most recent episode occurred on October 11, sixty miles from Jeddah off of the western coast of Saudi Arabia.

This time it was an Iranian target.

The tanker Sabity was hit by two missiles some twenty minutes apart. The damage resulted in oil spills, but no injuries to the crew, according to a statement from the National Iranian Oil Company.

At the time, my Saudi contacts did not respond to requests for comment, while those at the National Iranian Oil Company (NIOC) expressed an unusual restraint.

The situation continues today, almost a month after the episode