They assume that Biden’s handlers will see funding Iran as a bad thing.
Geez, I sure wish someone could figure out how to become energy independent right here at home.................
The only thing Biden cares about is getting more money for The Biden Crime Family.
I think France buys Iranian oil.
Add this to the mix, from OilPrice.com:
Tuesday, February 01, 2022
As we have indicated previously, insufficient OPEC+ production combined with a string of supply disruptions across the globe have led to the most bullish market in 8 years, with month-on-month backwardation wider than $1 per barrel throughout most of 2022. For every WTI short position, there were 13 long positions on futures contracts in the week to 25 January, indicating that the anticipation is of further tightness down the line. Soaring long positions also attest to the marketâs belief in robust demand going forward - if anything, easing mobility restrictions in several European countries point towards Omicron concerns weakening overall, despite cases hitting all-time records.
OPEC+ stayed with it’s plan to raise production by 400k barrels a day. The problem is, some OPEC countries couldn’t produce their quotas during the prior period so it’s unlikely they’ll make the new slightly higher production figures.
I would be very surprised if Biden punished China over any issue.
If Iran supports global terrorism and China supports Iran, why doesn’t the US slap sanctions on China?
Joe’s answer: “OK, then we’ll send them $10 or $15 billion so they don’t have to bother with that gooey, messy oil stuff. Then they’ll be our friends. I’ll check with Valerie, but I’m sure she’d like this approach”
“A group of U.S. senators are concerned that Iranian exports of oil slipping through the cracks of American sanctions are enhancing Tehranâs ability to finance terrorism and gain nuclear capabilities”
That’s the deepstate plan.