The 'October surprise' that threatens to turn the oil market on its head

Three geostrategic crises threaten to erupt in the petroleum world at the same time this month, raising the risk of a sudden loss of oil supply just as the global economic expansion drives up demand. Unrelated dramas swirling around the OPEC states of Iran, Iraq, and Venezuela are coming to a head, potentially locking in 2 million barrels a day (b/d) of crude deliveries and profoundly altering the market mechanics.--- More...