Tuesday, May 15, 2012

Syria Pipeline Explosion to Have No Market Impact, Lynch


Syria Pipeline Explosion to Have No Market Impact, Lynch

An explosion at a Syrian oil pipeline yesterday will have no impact on global crude markets because of the country’s declining output, said Michael Lynch, president of Strategic Energy & Economic Research.
“Syria isn’t a major player in the oil market on a good day and with the current unrest and embargo it’s even less so,” said Lynch in a phone interview from Winchester, Massachusetts. “This is trivial. If the rebels blew up every pipeline in the country nobody would care outside of Syria.

To read more: 
http://bit.ly/JIbBLC #Syria #Damascus

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