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Trump May Tap Up To 30MM Barrels From Oil Reserve To Halt Rising Gas Price
Trump May Tap Up To 30MM Barrels From Oil Reserve To Halt Rising Gas Price Having already yelled at OPEC on several prior occasions on Twitter with demands for Saudi Arabia and the rest of the OPEC cartel to boost production in order to push oil – and gasoline – prices lower… … only to […]
What’s Wrong With the United States?
What’s Wrong With the United States? Photo source jqpubliq | CC BY 2.0 Despite the myth perpetrated by United States spokespersons, the country is not, and never has been, a beacon of peace and freedom, the ‘land of the free and the home of the brave’, or a democracy that is the envy of the […]
Oil Jumps Above $80 For The First Time Since Nov. 2014
Oil Jumps Above $80 For The First Time Since Nov. 2014 Two weeks after Saudi Arabia said it was targeting $80/bbl oil, this morning Riyadh got its wishes early when Brent hit the Saudi target, jumping as much as 1% to $80.18, following the latest drop in U.S. crude inventories and as traders continued to […]
Europe: National Sovereignty vs. International Conquest, at Stake over Iran
Europe: National Sovereignty vs. International Conquest, at Stake over Iran Europe now faces its ultimate ideological fork-in-the-road, which it has thus far ignored but can no longer ignore: They need to decide whether they seek a world of nations that each is sovereign over its own territory but over no other (and this would not […]
Iran Sanctions Threaten The Petrodollar
Iran Sanctions Threaten The Petrodollar One country must be quite pleased with the prospect of new U.S. economic sanctions against Iran’s oil industry, and this country is the largest oil importer in the world, and is Iran’s largest single oil client. When China launched its long-awaited yuan-priced oil futures last month, it did so as […]
Will Trump Torch the Global Economy on the Bonfire of his Vanity?
Will Trump Torch the Global Economy on the Bonfire of his Vanity? At least it is confirmed for us. Donald Trump wants regime change in Iran. His cancellation of the JCPOA was a decision born his myopia. He has surrounded himself with people who reinforce his view and manipulate him via his vanity. And the price […]
Weekly Commentary: Disequilibrium
Weekly Commentary: Disequilibrium Much to the consternation of our allies, President Trump withdraws from the Iran nuclear deal. WTI crude adds another 1.5% (up 17% y-t-d) this week to the high since November 2014. Iran and Israel moved closer to direct military confrontation. With even 40% rates unable to staunch the bleeding, a stunned Argentine […]
Blowout Week 228
Blowout Week 228 The big news this week is Trump’s re-imposition of sanctions on Iran, which will cut Iran’s oil production to the point where, combined with cratering oil production from Venezuela, it could cause another oil price spike. We follow with our usual mix – more on Iran, Venezuela and OPEC; oil in Norway; […]
Oil tumbles as Iran nuclear deal looms
Oil tumbles as Iran nuclear deal looms An offshore oil platform is seen in Huntington Beach, California September 28, 2014. REUTERS/LUCY NICHOLSON Oil prices tumbled on Monday as Iran and six world powers closed in on a nuclear deal that would end sanctions on the Islamic Republic and let more Iranian oil on to world […]