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U.S.'s Biggest Oil Threat

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  • Description

    Barclays senior geopolitical strategist Helima Croft argues the biggest threat in the oil market is Iraq.

  • Duration 2:56
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All -- and that.

Fits perfectly with our next -- so you worry about Iran you worry about Israel striking that nation.

And then.

The conflict.

In the middle -- you need to worry about more than that is a rock.

Listen to this and is Kurdistan halting two thirds of its 120000.

Barrel daily oil flow last night.

Continuing -- ever present dispute with Baghdad.

Over oil rides joining me now hustling -- -- senior geopolitical strategist for Barclays I'd say is we're all I say Iran.

You say -- more than anything about the situation between Kurdistan and Baghdad.

The potential flashpoint in terms of Iraqi production Iraqi production had soared this year.

One of the reasons why didn't able to absorb the loss of Iran in exports and a million barrels of -- -- exports are off the market.

Is because Iraqi exports have grown so strongly this year.

But it's Olympic flashpoint the Kurdistan Regional Government says they -- complete economy in determining their energy policy was Baghdad has now.

Only the central government can -- oil contracts and it is is an ongoing dispute.

They come up with patchwork arrangements.

But they don't have a lasting finding oil lost so we watch this very very closely do you think that this is fully factor in the price of -- if you wanna take a look at it right now is traded 96 -- once -- -- little below 97 dollars a barrel I don't think I think people look at Iraq and say the production has ground.

We don't really have to worry about it but we have a real sharp uptick in violence in Iraq this year.

So it's not the Kurdistan production we have to -- We don't watch for situation where potentially.

We see some attacks on the southern energy infrastructure we a hundred people killed.

In attacks on Sunday -- we haven't had yet bombings of southern pipeline some northern pipelines.

But it we ever -- sustained attack on the southern energy infrastructure I think oil companies in very nervous -- operating there.

And we potentially would see some of those big gained an Iraqi production reversed.

What do you make of the comments out of Netanyahu about the United States and how that relates to what Israel does against Iran in what we do again to stop.

Iran from developing nuclear weapons -- don't really interesting statement from Netanyahu because -- Hillary Clinton cannot yesterday said.

No deadline and I think the Israelis want a firm deadline from the United States on when we will be military action because ultimately if you look at this operation.

Yes israelis' can hit something guess -- -- some damage.

But all with United States only with our B one bombers increase missiles.

Can -- -- significant long term damage to the nuclear facilities in Iran to the question is yes -- is -- could go alone.

But it's always far more optimal to get around -- with the United States so I think this issue commemorate a -- issue.

It's funny thirteen and -- -- I don't see how we haven't off ramp.

-- to blame a terrific does AAP and much and so little time next time wartime up from a safety so much -- with.

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