Energy OverView August 6, 2013

The details about latest threat from Al Qaeda continue to emerge. According to reports, the head of Al Qaeda in Pakistan urged the leader of Al Qaeda in the Arabian Peninsula to “do something big.” The oil market has had a muted reaction to the threat. In a way, it cuts both ways: an attack on the Saudi homeland or oil infrastructure in the region would causes prices to rise in reaction. The sense of supply security would be shattered.