• 4 minutes Natural gas is crushing wind and solar power
  • 7 minutes OPEC and Russia could discuss emergency cuts
  • 10 minutes Peak Shale Will Send Oil Prices Sky High
  • 13 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 8 mins On Venezuela
  • 2 hours CCP holding back virus data . . . . . . Spanish Flu 1918 MUTATED, Came in 3 waves, Lasted 14 months and killed upward 5% World population
  • 1 hour "Criticism of migration will become a criminal offense.  And media outlets that give room to criticism of migration, can be shut down." - EU Official to the Media.
  • 1 day Cheap natural gas is making it very hard to go green
  • 5 hours The Great Recession recovery wasn't powered by Obama; it was oil and gas
  • 7 hours Gold.
  • 21 mins WTI are we seeing the perfect storm
  • 10 hours Engineering, Politics and Political Correctness from Down Under
  • 20 hours I Love Hills
  • 1 day Oil and gas producers fire back at Democratic presidential candidates.
  • 5 hours So the west is winning, is it? Only if you’re a delusional Trump toady, Mr Pompeo, by Simon Tisdall
  • 1 day Investments worthy in versatile and clean natural gas

Iran Deal: Political Game-Changer or Epic Delusion?

On Sunday, 25 November, in Geneva, the US and Iran made what can only be described as a landmark move towards ending sanctions despite a flurry of activity—including the bombing of the Iranian embassy in Beirut, which killed 23 and wounded 170 others—intended to derail any such progress.

Even the foreign minister of France—a country now beholden to Israeli lobbying and Saudi money—noted that some sanctions currently in place against Iran could be lifted as early as December. Specifically, this initial agreement could free up around $7 billion for Iran--mostly from revenue transfers from restricted crude oil sales--and see the country’s gradual return to the trade in gold, petrochemicals, oil (sort of) and car and plane parts. In essence, though, it’s not a huge deal. Tons of Iranian money will remain frozen, and it will still only be able to export 1 million barrels of oil a day. This is a baby step—but in a barren room where even the smallest footstep echoes endlessly.

In return, Iran will agree to halt the enrichment of uranium beyond 5%, give IAEA inspectors greater freedom to investigate inside the country, and suspend activities at the Arak heavy water enrichment facility.

Under the deal, Iran has six months to try it all on and if compliance does not seem to be forthcoming, the sanctions would be reapplied. (Here is the full deal for those of you who wish to take it apart piece by piece.)

Plenty…




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