“This Is Much More Than A Spat”: What The Qatar Crisis Means For Global Energy Markets

“The latest incident, whereby a group of oil-producing Arab nations has cut ties with neighboring energy-exporting country Qatar, is much more than a simple diplomatic spat. Collectively, the countries involved control 29% of global crude oil and 33% of global liquid natural gas exports.”

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A Tragically Terrible Joke

As you may or may not be aware, Saudi Arabia and a Sunni coalition comprising the usual suspects has been at war in Yemen for two years now. “Operation Decisive Storm”, designed to retake the country from the Iran-backed Houthis who quite literally drove Abdrabbuh Mansour Hadi into the Gulf of Aden (he fled on a boat), began in March of 2015 and it’s been a sh*t show ever since.

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