Oil producers are deeply divided on the oil price and the potential for price volatility.
There is growing recognition that there are too many conflicting views on the best way to protect our nation’s energy supply.
There are a few major reasons why this is happening.
First, oil companies are still investing in exploration, production and production technologies.
The oil industry, however, is more interested in a long-term plan than a short-term fix.
This is reflected in their recent investment decisions.
Second, the war on ISIS is intensifying.
And finally, we are witnessing a major shift in the nature of the war.
The U.S. is going to be fighting the war for years to come.
The conflict is becoming much more multi-faceted and complex.
It’s not just about oil and gas.
This war is going from Iraq to Syria to Libya, and we can expect many more wars in the coming years.
Oil producers and the military need to be aware of this shift and work together to achieve long-range goals.