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Free trade, taking risk, drivers wanted…

You are here: Home / Uncategorized / Free trade, taking risk, drivers wanted…

May 25, 2016 by Jim Colburn Leave a Comment

in Syria… This is from an excellent WSJ article on Syrians trying to survive by trading goods among warring factions:

“In wartime Syria, economic survival frequently trumps politics and ideology, prompting foes to trade across front lines that have carved up the nation. It is up to a band of gutsy and resourceful truck drivers to make that happen—to crisscross the battlefields delivering food, oil, cars, appliances, even livestock, in some of the most dangerous commercial transactions in the world.

Drivers are exposed to airstrikes from the regime of Syrian President Bashar al-Assad and the Russian warplanes lending him support. They also face Islamic State militants who require them to grow beards, and who mete out punishment for contraband such as cigarettes and alcohol.”

Read the whole thing from the WSJ: http://www.wsj.com/articles/in-syrias-mangled-economy-truckers-stitch-together-warring-regions-1464106368

Here is Syria carved up by different factions:

image

Here is the oil part:

“At its peak, Islamic State was making between $40 million and $50 million a month from selling oil, according to Martin Reardon, an analyst with the Soufan Group, a security-consulting firm. That has declined to an estimated $24 million a month, contributing to a nearly 30% decline in Islamic State’s revenue, according to IHS Conflict Monitor, which conducts terrorism and insurgency analysis.”

 

 

 

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Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

 


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