Political tensions add to concern over future energy sources

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

By ·

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 http://www.danielyergin.com 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 [email protected]

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!

Article Topics

Energy · Global · Global Logistics · All Topics
Latest Whitepaper
Top 5 Trends in Enterprise Labeling
Supply chains and the solutions used for managing them have become increasingly important as businesses become more global and interconnected.
Download Today!
From the February 2017 Issue
As the new administration sends waves of uncertainly through the global trade community, this could be the best time ever for shippers to build an investment case for GTM. Here are five trends you need to watch if you’re about to put these savvy systems to work
Carrier Consolidation Keeps Shippers Guessing
Getting Value from the Cloud
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Advance your career with the fastest growing logistics certification – APICS CLTD
During this webcast presenters will give an overview of APICS and the new Certified in Logistics, Transportation and Distribution (CLTD) designation. Learn how the CLTD program can help you stay on top of current trends and advance your career.
Register Today!
EDITORS' PICKS
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...

Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...
Making the TMS Decision: Ariens Finds Just the Right Fit
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL)...