• 5 minutes Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 11 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 14 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 7 hours Waste-to-Energy Chugging Along
  • 3 hours U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 3 hours Contradictory: Euro Zone Takes Step To Deeper Integration, Key Issues Unresolved
  • 3 hours Venezuela continues to sink in misery
  • 5 hours Let's Just Block the Sun, Shall We?
  • 13 hours Zohr Giant Gas Field Increases Production Six-Fold
  • 14 hours Regular Gas dropped to $2.21 per gallon today
  • 43 mins What will the future hold for nations dependent on high oil prices.
  • 12 hours No, The U.S. Is Not A Net Exporter Of Crude Oil
  • 1 day Air-to-Fuels Energy and Cost Calculation
  • 8 hours UK Power and loss of power stations
  • 22 hours $867 billion farm bill passed
  • 8 hours EPA To Roll Back Carbon Rule On New Coal Plants
  • 13 hours Global Economy-Bad Days Are coming
Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

What Trump’s Iran Decision Tells Us About Oil Markets

Trump

There is only one oil story worth concentrating on this week, and the market’s reaction to it tells us so much about our oil positions that it deserves to be the only topic of discussion for this column:

President Trump has decided to pull out of the Iran nuclear deal, a move he threatened to make throughout his presidential campaign.

The first point I want to concentrate on is how predictable this move was from President Trump.

If nothing else, our President has had one lone but consistent aim; to try faithfully to follow through on his campaign promises, no matter how outrageous or impossible their implications might be. Many of us thought that much of the rhetoric that Trump used during the campaign would be forgotten under the weight of responsibility that comes with being President, but much to the contrary, he has pursued even the most impractical proposals he laid out on the campaign trail.

He has so far tried and failed – three times – to initiate a Muslim ban.

He’s also tried several avenues to gain funding for his promised border wall with Mexico, also without success.

With more success, he scuttled the Paris Accord and the Trans-Pacific Partnership, while putting parts of the NAFTA agreement on life support.

He’s delivered on his tax cut promise, even if it was far more business oriented than what he probably envisioned, and he has significantly cut into environmental regulations and restrictive…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions




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