Clearly, the Trump Administration is committed to positioning itself to attack Iran. It looks to be a matter of “when” … More
Tag: oil
What China Knows About The Coronavirus That Oil Traders Don't Know – Andrew Butler of Seeking Alpha
ANDREW BUTLER | SEEKING ALPHA Summary There are predictions that global oil demand will drop by 3-million barrels per day … More
Russia Happy with Oil Prices as They Are (For Now)
BRANDON J. WEICHERT | THE WEICHERT REPORT Even before the coronavirus outbreak became a pandemic (that world health institutions refuse … More
Be Careful: Hurting Iran Might Help Russia
The key here is for President Trump to strike a strategic balance in the Middle East: the United States cannot ignore Iran’s threat to the region. Balancing with regional powers, like Israel and Saudi Arabia, against Iran in order to contain its threat is good. But, unilaterally (and unexpectedly) slapping all oil sanctions back on Iran in a push for greater levels of hostility, as the White House did recently, creates uncertainty and instability in world energy markets. The more instability that the United States creates in the world energy market through its aggressive actions against Iran, the more likely it is that Russia will benefit.
America Should Not Directly Intervene in Venezuela
“The essential element in this scenario would be American leadership as opposed to direct American military intervention. While this method may take longer and, therefore, prolong human suffering in Venezuela, this is the only viable option. After all, freedom isn’t free, and the United States has had ample evidence over the last several decades that it cannot fight for other peoples’ independence.”
America Must Stand with Saudi Arabia in Yemen
“Consider this: most of the trade passing through the Bab-el-Mandeb either emanates from or travels to Egypt’s Suez Canal—meaning that as Yemen goes, so goes 8 percent of the world’s trade. And as Yemen becomes a major destabilizer along the Bab-el-Mandeb, the stability of the far more crucial Egypt will be next.”
Potential Chinese Intervention in Syria is About Access to the Mediterranean Sea
“Syria’s proximity to Europe is also beneficial because the Chinese are seeking to not only tie together as much of Eurasia as possible through trade, but they want to do so in a way that a) undermines the influence of the United States and b) reduces the military threat the United States poses to Chinese interests.”
U.S. Natural Gas Will Not Supplant Russian Natural Gas Sales to Europe
“By insisting that Europe significantly decrease its reliance on cheap Russian natural gas in favor of expensive American energy sources, Washington is exacerbating the political, economic, and social instability already afflicting Europe today.”
Saudi Arabia’s Pipelines Will Not Offset Iran’s Closure of Oil Chokepoints
“Fact is, under present conditions, without some form of peaceful mitigation of tensions, it is likely that some form of conflict with Iran is at hand–this is especially true if the Iranians blockade the Strait of Hormuz. The United States, at that point, would have no point but to respond immediately. There are simply no viable alternatives out of transporting Mideast oil through the Strait of Hormuz.”
War with Iran is Coming
“Further, I would anticipate spikes in the global price of oil for the foreseeable future (by the way, this undoubtedly would make Moscow happy, since Russia depends on higher-than-average oil prices to sustain its economy and military modernization program). Should these increases continue for the foreseeable future—and if Iran continued both with its illicit nuclear weapons program and regional expansion—the United States will be forced to intervene military.”