Skip to comments.Trump Hit Iran With Oil Sanctions. So Far, They’re Working.
Posted on 09/19/2018 12:19:39 PM PDT by C19fan
When President Trump announced in May that he was going to withdraw the United States from the nuclear agreement that the Obama administration and five other countries negotiated with Iran in 2015 and reimpose sanctions on the country, the decision was fraught with potential disaster.
If Mr. Trumps approach worked too well, oil prices would spike and hurt the American economy. If it failed, international companies would continue trading with Iran, leaving the Islamic Republic unscathed, defiant and free to restart its nuclear program.
But the policy has been effective without either of those nasty consequences, at least so far.
(Excerpt) Read more at nytimes.com ...
I’m thinking that when the people start revolting, they’ll find a friend in the White House, unlike the last guy who was all about supporting the evil, corrupt regime in power.
better call Horse Face LOL
The president is doing the opposite of what the experts said, and it seems to be working out, said Michael Lynch, president of Strategic Energy and Economic Research, a research and consulting firm.
That should tell you the value of experts.
When obummer allowed Iran to dump their oil on to the world market, the price/barrel dropped like a rock. Thousands of people in the oil industry were put out of work. And all the support industries that work with them.
And Obama smiled.
What, what, WHAT???!!!???
The NYT is admitting a Trump policy success?
“If Mr. Trumps approach worked too well, oil prices would spike and hurt the American economy.”
Thanks to American unconventional oil producers we haven’t seen any shortages domestically or internationally.
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