Subscribe to our free, weekly email newsletter!

Political tensions add to concern over future energy sources

By Patrick Burnson, Executive Editor
October 12, 2011

Economists wasted little time in assessing the impact on the supply chain from the alleged Iranian plot to assassinate the Saudi ambassador to the United States and to bomb Saudi Arabian and Israeli embassies.

Among the remarks sent to LM last evening, Daniel Yergin, Chairman of IHS CERA and author of The Quest: Energy, Security and the Remaking of the Modern World said this plot ratchets up tensions in the already tense relationship between Saudi Arabia and Iran, the two largest producers in OPEC.

“It is still too early to determine the potential impact on global oil prices. But anything that threatens the security and stability of the Persian Gulf region, home to 60 percent of world oil reserves, will be of great concern to the oil markets and will reinforce anxieties and uncertainties that exist in the aftermath of the Arab Spring.”

The context for tensions between Iran and its Arab neighbors in the Persian Gulf is discussed in Chapter 14, “Shifting Sands in the Persian Gulf” of Dr. Yergin’s book, The Quest: Energy, Security and the Remaking of the Modern World.

For more information about Daniel Yergin and The Quest visit and the Daniel Yergin IHS Press Page

About the Author

Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

If you want to meet some of the most ticked-off people on the planet, talk to any trucking industry retiree who received that letter from the Teamsters’ Central States pension plan notifying them of their potential financial haircut coming in retirement.

Global express delivery and logistics services provider DHL introduced a new flight geared towards Michigan-based importers and exporters out of the Detroit Metropolitan Airport.

With the sinking of the El Faro last week, and the resulting deaths of its entire crew of 33, the viability of the Jones Act is again being called into question.

“We’re pleased with the ongoing buildup of import cargo,” said Maritime Director John Driscoll. “Our job now is to maintain the momentum.”

UPS today announced it has made a significant expansion to its UPS Worldwide Express service by adding more than 41,000 global postal codes, which it said will result in earlier guaranteed-delivery options for shippers that only previously had end-of-day guarantees.

Article Topics

Blogs · Global Logistics · Global · Energy · All topics


Post a comment
Commenting is not available in this channel entry.

© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA