{"id":45593,"date":"2019-04-23T12:43:23","date_gmt":"2019-04-23T17:43:23","guid":{"rendered":"https:\/\/olduvai.ca\/?p=45593"},"modified":"2019-04-23T12:43:24","modified_gmt":"2019-04-23T17:43:24","slug":"trump-kicks-the-sanctions-can-on-iran-oil","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=45593","title":{"rendered":"Trump Kicks the Sanctions Can on Iran Oil"},"content":{"rendered":"\n

Trump Kicks the Sanctions Can on Iran Oil<\/a><\/h3>\n\n\n\n

Sanctions on Iran have failed. The weakness of the U.S. position in the oil markets is now complete. Donald Trump\u2019s Energy Dominance strategy has failed.<\/p>\n\n\n\n

The announcement by Secretary of State Mike Pompeo (R \u2013 The Eschaton) that no more sanctions waivers will be granted to importers of Iranian oil. Those that do so will face sanctions.<\/p>\n\n\n\n

But let\u2019s look at what is actually on the table.  Waivers will be extended to a year from now during a \u2018wind-down\u2019 period. <\/a>But, I thought these past six months were the \u2018wind down\u2019 period Don?<\/p>\n\n\n\n

I told you these would get extended the minute they were granted. Because three of these countries \u2014 India, Turkey and China \u2014 are in open revolt over the policy. <\/p>\n\n\n\n

And they have built plenty of infrastructure to get around these sanctions when or if they are ever implemented.<\/p>\n\n\n\n

Three of the eight countries granted waivers \u2014 Italy, Greece and Taiwan \u2014 do not need waiver extensions as they\u2019ve already cut their imports to zero.<\/p>\n\n\n\n

No Disruptions<\/strong><\/p>\n\n\n\n

But the main issue here is the extension. It\u2019s clear that Trump and his merry band of neocon handlers are afraid of further disruption of the oil supply and demand, otherwise the extensions wouldn\u2019t have been granted at all.<\/p>\n\n\n\n

They talk tough about UAE and Saudi Arabia adding supply but the reality is it isn\u2019t that easy to spin up new supply. And the year-long waiver extension is proof of this. They\u2019ll certainly sell all they can but there are those pesky OPEC quotas to deal with.<\/p>\n\n\n\n

No one was willing to go along with the Saudis OPEC+ plan where they and Russia would be pigs more equal than the others this winter, so it\u2019s unlikely that will happen now that Trump has helped them push prices back towards $75 per barrel.<\/p>\n\n\n\n

 \u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Trump Kicks the Sanctions Can on Iran Oil Sanctions on Iran have failed. The weakness of the U.S. position in the oil markets is now complete. Donald Trump\u2019s Energy Dominance strategy has failed. The announcement by Secretary of State Mike Pompeo (R \u2013 The Eschaton) that no more sanctions waivers will be granted to importers […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,5],"tags":[441,15128,588,1109],"class_list":["post-45593","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-geopolitics","tag-iran","tag-mike-pompeo","tag-oil","tag-sanctions"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45593"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45593\/revisions"}],"predecessor-version":[{"id":45594,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45593\/revisions\/45594"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}