Escalation In Israel-Hamas Conflict May Doom Oil Markets

In the last 50 years or so, it is difficult to think of a time when so many dangers from so many directions could each spiral out of control so quickly as is now occurring in the Middle East, centred on the Israel-Hamas War. For the global energy market, the closest approximation to the situation is the 1973 Oil Crisis, as analysed in full in my new book on the new global oil market order. From this, inferences can be drawn as to what may happen to oil and gas prices in the short-, medium-, and long-term.  Although the current war between…