POO might do anything next week. BLT/ BHP will rise if POO goes up and it could spike massively. It call also fall away as the market realises that supply will continue as these inhumane Middle Eastern idiots try to keep their regional countries or caliphates or whatever they are in some semblance of control.
It has occurred to me that if POO stays at these levels. the Middle East could become as lost in the world as Africa is in today's world. The modern Middle East has nothing except oil and gas, despots and a rather fanatical strange group of religious fanatics that are as factionalised as they are fervent extremists.
After our lameduck President Barack Hussein Obama, the next President will go after them and the Middle East will go back to where it was before 1500 BC and b4 the Middle Kingdom in Ancient Egypt.
BLT/ BHP needs to worry about geopolitical risk such as those 11,000 Syrian "refugees" who should now be refused on the basis of potential security risk to Australia. Some migrants such as Jac Nasser who got out of Beirut at the age of 4, made a contribution but sadly that pathway should no longer be available if Australia wants to continue to have BLT/BHP remained HQ'd out of Melbourne. It is a pathway that the Immigration Secretary, Peter Dutton, should well and truly close IMHO.
Sadly, the homeland security of the great western nations: US, Canada, Britain, Germany, Australia and New Zealand will now need to be stepped up for global capitalism to flourish. It will but a security response will be necessary and Melbourne will need to step up to the plate for BLT/ BHP to remain Australian and not be based out of Europe like other great mining companies like De Beers, AAL, GLEN and Antofagasta.
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