Energy Report: Great Day For Iran

Things are looking up for Iran and the Iranian regime as reports suggest that all sanctions will be lifted on them so they can go back to doing what they do best, create instability in the world and the Middle East. The world powers that were so worried that the Iranian regime might get a nuclear weapon because the regime is just crazy enough to use them, decided to bend to Iran's nuclear blackmail. Iran's actions suggest that their negotiating point was to give us what we want or we will get a nuclear weapon.

Photo by American Public Power Association on Unsplash 

World leaders feared the regime that was created by taking Americans hostage, an extended war in Iraq, and fight proxy wars in Yemen, Iraq, Lebanon, and Syria, just night make good on their threats of death to America or wiping Isreal off of the face of the earth. So lesson learned to all despot regimes, perhaps you should use the Iranian model of international blackmail to get your want. Weak world leaders will give you your way. Then you can go on to spread your terrors through the world.

The presumption of an Iran deal caused oil to have its worst week since March. Iran is preparing to hike its oil exports to "maximum capacity" in the coming months. Yet in the big picture, the truth is that the world will need that oil regardless. There is an assumption that OPEC plus will refrain from raising production so the Iranian barrels will not disrupt the marketplace. Yet with the global economic reopening, they may be able to raise output even with the return of Iranian barrels. Iran may be able to export 1.0 to 1.5 million barrels a day as soon as August and perhaps over 2 million barrels a day by the end of the year. That may be not enough to fill the coming global supply deficit.

Reuters reports correctly that the global oil market is rebalancing, and oil demand has risen to 95 million barrels per day, Sultan Ahmed Al Jaber, chief executive of the Abu Dhabi National Oil Company, said on Thursday. The longer-term forecast has demand rising to 106 million bpd by 2030, Al Jaber said during the Columbia Global Energy Summit. The oil and gas industry has reduced investments over the past five years, as companies prioritized capital discipline and as investors grew more motivated by environmental concerns, he said.

1 2
View single page >> |

Disclaimer: Make sure you get signed up for exclusive info and my Daily Trade Levels by calling Phil Flynn at 888-264-5565 or email me at  more

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.