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Impementation day

Discussions about the economic and financial ramifications of PEAK OIL

Impementation day

Unread postby sparky » Tue 12 Jan 2016, 15:10:25

.
This Implementation day is when all sanction against Iran are de facto lifted
all banking ,trading , investing and traveling restrictions are suspended

All parties have already done the legal homework ,
it only need the IAEA certification that Iran has complied with all requirement

while it was scheduled to happen no later than early 2016 , things have been moving quite smoothly
the IAEA has given the nod

https://www.iaea.org/sites/default/file ... 015-72.pdf

"13.
Decides ,
upon receipt of the Director General's report that the IAEA has verified that Iran has
taken the actions specified in paragraphs 15.1- 15.11 of the Annex V of the JCPOA ,
to be no longer seized of the matter “Implementation of the NPT Safeguards Agreement and relevant provisions of Security Council resolutions in the Islamic Republic of Iran” and to become seized of a separate agenda item covering JCPOA implementation and verification and monitoring in Iran in light of United Nations Security Council resolution 2231 (2015); "


meanwhile signals are being send that the lifting of sanctions will be soon

From European Union foreign policy chief Federica Mogherini
“I can tell you that my expectation is that this day could come rather soon.
The implementation of the agreements is proceeding well,”

From secretary of State John Kerry “We are days away from implementation if all goes well,” Kerry said.

the consequences would be an extra 500.000 barrels a day immediately on the market and medium term another million or so available .

Anyone is thinking 20$/ barrel ?
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Re: Impementation day

Unread postby GHung » Tue 12 Jan 2016, 15:38:50

NYMEX oil just blipped below $30. I'm thinking $13 before OPEC blinks.
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Re: Impementation day

Unread postby onlooker » Tue 12 Jan 2016, 16:05:16

US Shale may go belly up before we reach $13 dollars.
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Re: Impementation day

Unread postby dolanbaker » Wed 13 Jan 2016, 05:00:59

A free top-up for all would shift quite a bit of inventory one step towards the consumer (tertiary storage system).
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