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As tension remains high around the world, oil prices remain volatile.
Al Qaeda Leader Issues Jihadi Guidelines
Earlier this week, a leading member of Al Qaeda issued the organization’s first detailed set of guidelines for committing Jihad, providing a rare glimpse of the network’s strategy twelve years on from the attacks on the twin towers.
The guidelines warned against attacks on non-Muslims and followers of other denominations of Islam but endorsed acts of violence in Kashmir, the Russian Caucuses and Xinjiang in China, which all have sizeable Muslim populations.
They also spoke of a desire to cultivate activists throughout West Africa and the Maghreb.
Continued Threat of Terrorism
Al Qaeda’s guidelines demonstrate the fact that the group is still dedicated to the spread of radical Islam and indicate that they will attempt to instigate further acts of terrorism in a diverse range of locations.
The continued presence of extremists in the Middle East and North Africa poses a threat of events that cause wild fluctuations in the price of oil.
Fortunately a recent report issued by the American Enterprise Institute indicates that the U.S. is closer to achieving energy independence that ever before, meaning that we will soon no longer have to rely upon unstable regions for our energy needs.
Throughout the first week of this month, U.S. oil output reached its highest level for over twenty-four years.
Minimizing Oil Price Uncertainty
Domestic oil and gas investments are helping to make the nation self-sufficient.
Those who invest in oil and gas are reducing the extent to which the country needs to import these commodities.
Whilst it is true that oil investments cannot protect against the human cost of terrorism, they can at least minimize the levels of uncertainty that it causes with regards to the prices of energy sources.
Image: Francisco Monteiro