Iran has successfully navigated the first phase of its resistance to U.S. sanctions pressure. The U.S. State Department has admitted it's goal of reducing Iran's oil exports to zero is not feasible. The goal now is a 25% drop to 800,000 barrel per day. And that is no joke. It's a big drop from where … Continue reading Moving Forward, Iran Outflanks the U.S. in Iraq and Beyond
oil
Trump Betrays MAGA Over Venezuela
The U.S. backed a coup in Venezuela that has failed. And President Trump was the architect of it. This is a farce surrounding an intrigue contained within a tragedy. What has happened in Venezuela is tragic. Nicolas Maduro is a comical figure straight out of central casting for a South American leader of a junta. … Continue reading Trump Betrays MAGA Over Venezuela
OPEC Cuts Deep to Save Cartel
With oil prices in free fall and the dawning realization that Great Reflation trade of 2017 is over, OPEC needed to do something drastic to remind everyone how important they are. Moreover, with Qatar quitting the cartel last week it was then doubly necessary for OPEC to make the markets stand up and remember them. … Continue reading OPEC Cuts Deep to Save Cartel
Private Blogs – Oil & Gas Upheaval and the Saudis Fume over Trump
I have two new private blog posts up this morning. The first covers some of the oil and gas stocks in the Gold Goats 'n Guns Newsletter Portfolio. The second is Sunday's normal Market Report where I cover the souring U.S. / Saudi relationship and the Trump Administration policies behind it while everyone is focused on … Continue reading Private Blogs – Oil & Gas Upheaval and the Saudis Fume over Trump
Private Blog – Market Report 9-12: Article 7 and the Rise in Oil
I have a new Private Blog post up on Patreon for patrons discussing Article 7 proceedings against Hungary as well as what's happening in the Far East. Also a long-term look at oil prices. If you are interested in what these market reports look like there are a few of them available publicly on YouTube … Continue reading Private Blog – Market Report 9-12: Article 7 and the Rise in Oil
Next Stage of Pressure on Iran – Lower Oil Prices
President Trump is stepping up his attack on Iran. He's now planning the long-game for maximum pressure. The news that Trump quietly asked Saudi Arabia to ramp up output by 1 million barrels a day is the key. From the analysis at Oilprice.com: Saudi Arabia and some of its close Arab allies in the Gulf, … Continue reading Next Stage of Pressure on Iran – Lower Oil Prices
Private Blog: Emerging Market Worries Over a Strong Dollar/Oil
Saudi Arabia’s Needs Have Become Iran’s Problems
While Israel has been the barking dog pushing hostilities against Iran, it is the Saudis that are truly most threatened by Iran's return to the global economy. They are as much, if not a bigger, agitator for tearing up the Iran Nuclear Deal as Israel has been. A report earlier this week from the International … Continue reading Saudi Arabia’s Needs Have Become Iran’s Problems