By Printus LeBlanc
Some significant events have happened in the Middle East within the few weeks. The events have worldwide implications, but the media is too concerned with how President Trump feeds fish in Japan to pay attention. WWI started because of an assassination of some royal in a corner of the Balkans, what event is likely to set the Middle East on fire?
Let’s not kid ourselves, the Middle East is hot, arid, and has had tribal and religious conflict since the beginning of recorded history, but it is important because of oil and gas.
The Organization of Petroleum Exporting Countries (OPEC) accounts for 81.5 percent of crude oil reserves, and the Black Gold Triangle accounts for 65.5 percent of OPEC, or about 56 percent of the global supply. What happens in the Middle East influences the life of every American. No American is unaffected by petroleum or natural gas.
Iran and Saudi Arabia are the two regional powers fighting to be the hegemon of the Middle East. It is a fight 1400 years in the making between the Sunni and Shia. [Read more…]