Did you ever imagine that President Trump’s decision on a nuclear deal with Iran struck in 2015 could end up impacting your fuel budgets in 2018? Such is the geopolitics of commodity oil.
The stakes involved in the shale versus crude oil battle are far greater in 2018, and so are the risks. The world is more fractured geo-politically, while dependencies of importing nations have increased due to galloping demand. The first signs of the sobering effect have shown up on crude price indices, and the punters are reassessing their positions.