• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 25 mins The Downside of Political Correctness
  • 1 min In the Event of WW3, Oil and/or Renewables?
  • 3 hours Main Stream Media falls into depressed mood today after hearing of the record May jobs report UP 2.5 MILLION JOBS !
  • 2 hours George Floyd’s History
  • 2 hours US and Australia Sign SPR Lease Agreement
  • 15 hours Rioting and Protesting
  • 2 hours Trump waves a Bible
  • 3 hours China To Boost Oil & Gas Exploration, As EU Prepares To Commit Suicide
  • 15 hours Let's try to link the recent events back to the situation with oil production and pricing
  • 1 day Healing, Not Hatred
  • 9 hours Coronavirus hype biggest political hoax in history
  • 7 hours World’s First Integrated Hydrogen Power-to-Power Demonstration Launched
  • 20 hours China’s Oil Thirst Draws an Armada of Tankers
  • 8 hours Model 3 cheaper to buy than BMW 3 series.
  • 1 day Trumps Oil Industry....
Big Oil’s Race To Net Zero

Big Oil’s Race To Net Zero

European supermajors have been all…

Oil & Gas Still King Despite Renewable Hype

Oil & Gas Still King Despite Renewable Hype

Renewables are often credited for…

Editorial Dept

Editorial Dept

More Info

Premium Content

Iran’s Plan To Lure The U.S. Into War

As of April 15th, there were over 2 million confirmed COVID-19 cases globally, with over 127,000 deaths, though the infection rate has been slowing as we witness a flattening of cases in Europe, while cases in Russia, Indonesia, India, and Japan continue to rise at a quicker pace. The consequence of the economic shutdown could be the loss of some $9 trillion through the end of 2021, with some analysts predicting another 18 months of shutdown, which would make that loss even higher. 

Iran’s Hardliners Win, and That Means War

Iran is being decimated by the novel coronavirus, though no one knows for sure how many cases there really are amid allegations of a government cover-up. Its economy is in big trouble due to sanctions and the oil price war, and it’s reached out to the IMF for a $5-billion Rapid Financing Instrument (RFI). It’s worth noting, however, that the US is a dominant shareholder in the IMF and is opposing such funding for both Iran and China. 

Iran is now exporting 300,000 bpd of oil, down from 2.5 million bpd in the spring of 2018. Now, it’s IPO’ing Shasta, the Social Security Investment Company (SSIC), offering up a 10% stake (8 billion shares) on the Tehran Stock Exchange.

Throughout these consecutive crises, the Iranian President, Hassan Rouhani, has lost power to hardliners, which is perhaps the biggest misstep that the US has made in this game to date. Rouhani has already largely been sidelined,…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News