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Trump pulls out of the Iran Deal, what does it mean for geopolitics and oil?
- sunset clauses in the agreement were clearly an issue, do not prevent Iran from getting a nuclear weapon in the future. Apparently Obama admin banking on regime change or regime moderation?
- CNBC Power Lunch appearance: https://www.cnbc.com/video/2018/05/08/iran-nuclear-deal-whats-at-stake.html
Message this sends to North Korea could be a challenge
Iran's economy is already failing - January protests
Boeing deal with Iran - US will revoke Boeing's license but Boeing appears to have other buyers lined up
US talks to oil producers about increasing output
https://www.ft.com/content/c758f11c-530d-11e8-b24e-cad6aa67e23e
Secretary Mnuchin wants oil producers outside the US to increase production but will OPEC be interested in this? Impact on US producers is positive!
More problems for Venezuela
https://www.reuters.com/article/us-conocophillips-pdvsa-assets/conoco-moves-to-take-over-venezuelan-pdvsas-caribbean-assets-sources-idUSKBN1I70RA
Conoco was awarded a $2billion settlement from Venezuela for nationalizations that happened a decade ago and Conoco is now confiscating assets from Venezuela's oil company in the Caribbean. Venezuela says it will divert oil from there, but can it?!
Forecasters aren't just wrong, they're REALLY wrong when it comes to oil prices
https://www.wsj.com/articles/oil-costs-how-much-how-the-oil-rally-took-forecasters-by-surprise-1525608000
Check out Ellen's opinion piece in the New York Times:
"How to Save the Saudi Golden Goose"
https://www.nytimes.com/2018/05/08/opinion/saudi-aramco-ipo-independence.html |
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