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Will France Screw America in Syria? $GAZ $OIL $XOM $COP $BP $TOT

Politics makes strange bed fellows. A left wing government in France wants to back an Obama Whitehouse in a punishment action against Syria. France with a militant Muslim population sees thing differently.

Before the USA welcomes the French with open arms it is time to open eyes. France with it’s colonial past has long been involved in Syria. This dates back to when France and Britain were carving up the middle east for their own colonial purposes.

The French to counter the influence of other Arabic factions helped support the Alawites and brought them into the military. Eventually this seeded Alawite control of the military and led to their ability to establish a military dictatorship.

So much for the moralization. The Middle East from the Western point of view is about Oil. Economic engines run on Oil. Most of Iraq’s oil flow through the Straights of Hormuz and are subject to the vagaries of Iran’s intentions.

Syria provides a strategic land bridge for pipelines to the Mediterranean which by pass Iranian threats and cut down on shipping times through the Suez Canal. The pipelines will be enormously profitable and provide for energy security for their owners.

France will engage in Realpolitik locally to achieve national objectives. The US still hasn’t figured out what’s its interests are. France will help only to the extent their neo-colonial interests are served. America will be blind sided and probably will not see it coming.

George Gutowski writes from a caveat emptor perspective.  Follow him on Twitter @financialskepti