Shimshon Bichler and Jonathan Nitzan — Profit warning: there will be blood

Summary:
As we show in our recent research note ‘Blood and Oil in the Orient, Redux (2017)’, the Weapondollar-Petrodollar Coalition might no longer be in the Middle East driver’s seat. However, with the oil and armament companies, the region’s oil-exporting autocracies and various non-state groups all keen on seeing their oil incomes rise from record lows, the prospects of a new energy conflict, whether premeditated or coincidental, seem extremely high. More evidence suggestive that economics drives politics.Real-World Economics Review BlogProfit warning: there will be blood Shimshon Bichler and Jonathan Nitzan

Topics:
Mike Norman considers the following as important: Middle East, military-industrial complex, Oil, oil price, profitability

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