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Page added on April 28, 2019
US will not reissue waivers for Iran oil imports
The Trump administration on Monday told five countries – Japan, South Korea, Turkey, China and India – that they would no longer be exempt from US sanctions if they continued to import oil from Iran after their waivers ended on May 2.
“We’re going to zero. We’re going to zero across the board,” US Secretary of State Mike Pompeo told reporters after the White House made the announcement in a statement. “There are no (oil) waivers that extend beyond that period, full stop,” he said, adding that there would be no grace period for those economies to comply.
The United States which has engaged in a maximum pressure campaign against Tehran since Donald Trump came to office, had been giving the countries time to wean themselves off Iranian oil, but has decided that waivers would no longer be issued.
“The goal remains simply: To deprive the outlaw regime of the funds that it has used to destabilise the Middle East for decades and incentivise Iran to behave like a normal country,” Pompeo said.
The administration granted eight oil-sanctions waivers when it reimposed sanctions on Iran after Trump pulled the US out of the landmark 2015 nuclear deal. The waivers were granted in part to give those countries more time to find alternate energy sources but also to prevent a shock to global oil markets from the sudden removal of Iranian crude.
The White House said on Monday that the US, Saudi Arabia and the United Arab Emirates “have agreed to take timely action to assure that global demand is met as all Iranian oil is removed from the market”.
Saudi Energy Minister Khalid al-Falih said in a statement that the kingdom was closely monitoring the oil market and “will coordinate with fellow oil producers to ensure adequate supplies are available to consumers while ensuring the global oil market does not go out of balance”.
Tehran remained defiant over Washington’s decision, saying it was prepared for the end of the waivers, while the Revolutionary Guards repeated its threat to close the Strait of Hormuz, a major oil shipment channel in the Gulf, Reuters news agency reported, citing Iranian media. Such a move, the Trump administration said, would be unjustified and unacceptable.
Iran’s foreign ministry said the US decision had “no value” but that Tehran was in touch with European partners and neighbours and would “act accordingly”, Iranian news agencies reported.
It added that the sanctions were “illegal”.
“The waivers … have no value but because of the practical negative effects of the sanctions, the Foreign Ministry has been … in touch with foreign partners, including European, international and neighbours and will… act accordingly,” the agencies quoted the ministry as saying.
‘Won’t serve regional stability’
Since November, three of the eight countries receiving waivers – Italy, Greece and Taiwan – have stopped importing oil from Iran. The other five, however, have not, and have lobbied for their waivers to be extended.
NATO ally Turkey had made perhaps the most public case for an extension, with senior officials telling their US counterparts that Iranian oil was critical to meeting their country’s energy needs. They have also made the case that as a neighbour of Iran, Turkey cannot be expected to completely close its economy to Iranian goods.
On Monday, Turkey slammed the US decision, saying it would not serve regional peace and stability.
Turkey “rejects unilateral sanctions and impositions on how we build our relationship with our neighbours,” Turkish Foreign Minister Mevlut Cavusoglu tweeted. “The US decision … will harm Iranian people.”
Last week, presidential spokesman and senior adviser Ibrahim Kalin told reporters in Washington, DC, that “people should not expect Turkey to turn its back on Iran just like that”.
Turkey did not support US sanctions policy on Iran and did not think it would yield the desired result, Kalin said at the time, but added that Ankara would not want to violate sanctions if a waiver was not extended.
“We will look for alternatives in terms of transactions and other things. We don’t want to break or violate the sanctions but at the same time we don’t want to be deprived of our right to buy oil and gas from Iran,” Kalin said last week.
Geng Shuang, a Chinese Foreign Ministry spokesman, said at a daily news briefing in Beijing on Monday that it opposed unilateral US sanctions against Iran and that China’s bilateral cooperation with Iran was in accordance with the law.
South Korea’s Yonhap news agency quoted the foreign ministry as saying the South Korean government had been negotiating with the US at all levels to extend the waivers and that it would continue to make every effort to reflect Seoul’s position until the May 2 deadline.
In India, refiners have started a search for alternative supplies but the government declined to comment officially.
Embassies of India, China and South Korea in Washington, DC, did not immediately respond to requests for comment, along with Japan, whose Prime Minister Shinzo Abe will be in the US capital on Friday for an official visit.
Oil prices rise
Oil prices rose following the Trump administration’s announcement on Monday.
In morning trading, benchmark US crude surged $1.52, or 2.4 percent to $65.57 per barrel in New York. Brent crude, used to price international oils, jumped $1.84, or 2.6 percent to $73.80.
Ritterbusch and Associates, an oil trading advisory firm, said in a morning note that “a complete elimination of Iranian exports is nearly impossible and that a reduction beyond current levels will likely prove limited”.
It said that the overall effect “will hinge to a large degree on the Saudis’ response to what is likely to be some strong requests from the Trump administration to increase productions appreciably”.
Peter Kiernan, an energy analyst at the Economist Intelligence Unit (EIU) said: “A severe loss in (Iranian) volumes will put pressure on the supply side, given the political uncertainty currently blighting other oil exporters, such as Venezuela and Libya.”
According to some analysts, ending the waivers was expected to hit Asian buyers, including China and India, the hardest.
Kim Jae-kyung of the Korean Energy Economics Institute said the move “will be a problem if South Korea can’t bring in cheap Iranian condensate (for) South Korean petrochemical makers”.
Takayuki Nogami, a chief economist at Japan Oil, Gas and Metals National Corporation (JOGMEC), said ending the waivers was “not a good policy for Trump”.
Nogami said he expected oil prices to rise further because of US sanctions and OPEC-led supply cuts.
So far in April, Iranian exports were averaging below one million barrels per day (bpd), according to Refinitiv Eikon data and two other companies that track exports and declined to be identified.
That is lower than at least 1.1 million bpd estimated for March, and down from more than 2.5 million bpd before the renewed sanctions were announced last May.
116 Comments on "US will not reissue waivers for Iran oil imports"
Chrome Mags on Sun, 28th Apr 2019 10:02 pm
To what extent is the alt right via Trump willing to do the bidding of Israel?
Robert Inget on Mon, 29th Apr 2019 6:17 am
https://www.investorvillage.com/groups.asp?mb=19168&mn=200079&pt=msg&mid=19374476
Politicians make speeches, oil producers need to make money.
At best, ordering OPEC to increase production
is pure propaganda intended to deflect blame for rising oil prices. It was Trump who intends to hold Iran’s exports to zero during a delicate supply market. It was Trump who embargoed Venezuelan crude, (such as it was).
We are seeing Iraq and Libya all over again.
Only this time it’s Iran and Venezuela.
‘And the band played on’.
Lowering prices, LOWERS production.
(AND THE REVERSE)
Here’s a picture of markets reaction to Trump’s
demands;
http://www.livecharts.co.uk/MarketCharts/brent.php
Cloggie on Mon, 29th Apr 2019 7:35 am
America against the rest of the world.
If I were a closet alt-right president, I would do the same: manouver the US in a war it can’t win, with the purpose of using the outside world to break up the US.
I can’t prove if this is indeed the intention of DJT, other than…
https://youtu.be/HH0AvaG3SqQ
Davy on Mon, 29th Apr 2019 7:43 am
“If I were a closet alt-right president, I would do the same: manouver the US in a war it can’t win, with the purpose of using the outside world to break up the US.”
Geeze, cloggo is fantasizing again. I doubt it cloggo. Trump or any other MS US politician has any desire to break up the US. You are manufacturing reality to suit your fantasy because you are one screwed up in the head individual
Robert Inget on Mon, 29th Apr 2019 8:10 am
It starts by USD avoidance;
DUBAI: Saudi Arabia may issue euro-denominated bonds this year, depending on market conditions, Finance Minister Mohammad Al Jadaan said on Sunday.
Saudi Arabia plans to issue 118 billion riyals ($31.47 billion) in debt this year to help finance the national budget deficit, the country’s Debt Management Office (DMO), part of the ministry of finance, said last month.
https://gulfnews.com/business/markets/saudi-arabia-may-issue-euro-demonimated-bonds-this-year-1.63608779
Robert Inget on Mon, 29th Apr 2019 8:25 am
One of those ‘wavers’ (for Iranian oil) was issued to India.
NEW DELHI: The country’s crude oil production fell over 4%in the financial year 2018-19 after aging fields of state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) missed the target, official data showed Thursday.
India produced 34.2 million tonne of crude oil in the fiscal year ended March 31, down from 35.7 million tonne in the previous year, according to data released by the Ministry of Petroleum and Natural Gas here.
ONGC output dropped to 21 million tonne from 22.25 million tonne in 2017-18, while OIL saw a 2.5% dip to 3.3 million tonne.
Fields in the private sector saw a production drop of nearly 2% to 9.8 million tonne mainly because of lower output at Cairn India’s Rajasthan oilfields.
ONGC production was lower due to technical issues at its Mumbai and Neelam Heera fields in the Arabian Sea and less than the production at Santhal and Balol fields in Gujarat.
During March, the country’s total crude oil production fell to 2.85 million tonne from 3.04 million tonne in the corresponding month of the previous fiscal year.
Natural gas production, however, edged up to 32.9 billion cubic metre (BCM) in 2018-19, from 32.6 BCM in the previous year as ONGC produced 5.3% more gas at 24.67 BCM.
Higher production by ONGC made up for a nearly 14% drop in output from private sector fields at 5.47 BCM.
This was a result of shutting down of two more wells at Reliance Industries’ eastern offshore D1-D3 gas fields in the flagging KG-D6 block, the ministry statement said.
Indian refineries produced 2% higher fuel and other petroleum products at 257.2 million tonne in 2018-19 on a better showing by state-owned firms.
Robert Inget on Mon, 29th Apr 2019 8:30 am
In 2019, India’s oil demand growth rate surpassed China!
Wood Mackenzie, the world’s leading energy information agency, expects Indian oil demand to grow faster than China in 2019.
The agency’s energy analyst Aman Verma said that in 2018, India’s oil demand growth rate is about 250,000 barrels / day, and it is expected that the growth rate in 2019 is likely to continue. According to this trend, in 2019, India’s oil demand will surpass China and become the world’s second largest oil demander after the United States.
So the question is: Why is India’s oil demand growing so fast?
In this regard, Wood Mackenzie said that there are mainly the following factors:
1. In 2018, 14% of global crude oil demand growth came from India. In the context of strong commercial vehicle sales, transportation fuel is the biggest factor in the increase in Indian oil use!
2. India’s streamlined sales tax structure is also a factor;
3. The upcoming Indian election in 2019 will also be a major factor in boosting oil demand.
So how much is the demand for oil in India?
Wood McKenzie said that in 2018, India’s average daily crude oil consumption exceeded 4 million barrels.
At the same time, Yi Niu Finance also noted that not only Wood Mackenzie is optimistic about India’s future oil demand, including BP, OPEC, etc., to see:
1. According to BP’s “Energy Outlook 2018″ report, in the future, India’s oil imports will increase by 175%, accounting for 65% of energy import growth. It is estimated that in 2040, India’s oil consumption is 10 million per day. Barrel (about 500 million tons)
2. The 2018 World Petroleum Outlook published by OPEC predicts that India will be the country with the largest increase in oil demand and the fastest growth before 2040. Finally, OPEC also said that India will see the largest demand of 5.8 million barrels per day, and may even break through the 10 million barrels per day barrier at the end of the forecast period.
Davy on Mon, 29th Apr 2019 9:14 am
“It starts by USD avoidance; DUBAI: Saudi Arabia may issue euro dominated bonds”
Come on bob, this trend has been going on for a long time. “It starts” is just more of your anti-America drama. Hey bob, show dollar volume for a good comparison so we can see the nothingburgers.
Robert Inget on Mon, 29th Apr 2019 10:11 am
Let it be noted.
Davy is saying;
1) I’m anti American. Apparently for pointing to cracks in USD hegemony.
2) Davy ignores my constant critique of Saudi Arabia or Iran or Israel or spineless Democrats who permit Republicans to trample the Constitution.
3) Finally, Saudi Arabia more or less cancelled
its ARAMCO IPO because way too much negative
information was about to see day-light.
Going into the Bond market (42 B D) is an alternative. Bondholders need not know the full
extent of reserves etc. (unlike Germany or France
or the US, KSA has No Other Resource to repay those bond at maturity. IOW’s if they can’t get $85 at minimum, they need to figure out another way to screw over the West.
When Trump issued ‘get out of jail cards’ for
Iran’s customers, KSA had already turned up
the valves full tilt boogie. Under pressure from China, India etc Trump pulls the rug out from under OPEC. Translated: fucks em over.
Now Trump has the gaul to ask KSA to once again
increase production to keep prices in check.
(that’s how much he knows about bidness)
Rex Tillerson Never would have permitted our current oil crisis to have gone this far.
The Saudis are in a terrible bind, w/o US military and weaponry they cannot keep fighting three (count em) wars. We OTOH really need Saudi oil.
Unless Canada puts on additional choo choo trains transporting heavy oil from Alberta,
Trump will have lots of mansplaining to do to his ‘Base’.
Davy on Mon, 29th Apr 2019 10:22 am
“1) I’m anti American. Apparently for pointing to cracks in USD hegemony.”
When you dramatize it bob, you are showing your anti-Americanism.
“2) Davy ignores my constant critique of Saudi Arabia or Iran or Israel or spineless Democrats who permit Republicans to trample the Constitution.”
Bob, if I don’t say anything that means I don’t have an issue or it is trivial. I don’t have time to spank you ever time you are bad.
“Unless Canada puts on additional choo choo trains transporting heavy oil from Alberta, Trump will have lots of mansplaining to do to his ‘Base’.”
Bob, you have been crying wolf for years now and little has materialized. According to you Venezuela should be a Chinese colony now. You over do things bob and lose legitimacy in the process. Stop the drama and agenda nonsense and you won’t hear a word out of me.
Robert Inget on Mon, 29th Apr 2019 10:33 am
Oh daddy, spank me again, teach me to be a good boy.
Davy on Mon, 29th Apr 2019 11:42 am
Bob you are a lost cause plus I bet you like it which defeats the purpose.
powered-by-unsold-expired-supermarket-foods-AKA-fmr-paultard on Mon, 29th Apr 2019 12:46 pm
bob the tard. why u messin’ with supertard
lay off boy
just quick PSA that spring mating season aggression is here. be safe, keep Luke on you but hoping you never use it. don’t put yourself in situatio where you have ot use it.
we’re tards, we look out for one another. look for eurotard to ramp up serial posts and edrich going for ever more wordy posts. it’s all part of spring. peas
union-of-muzzie-lovers-of-america-AKA-fmr-paultard on Mon, 29th Apr 2019 2:07 pm
the orthodox union of muzzies lover of america and corporation for broadcast of muzzie idealogy would like to congrate new minted supertard sis. we want to note old news that AOC tweeked NZ 25 million times and zero on sri lanka where muzzies slaughtered kufar.
we want to remind all tards to be safe and avoid aggression during spring mating season. keep luke in working order by best not put it to use. may (((supremetard))) protects u
Cloggie on Mon, 29th Apr 2019 3:16 pm
The ISIS Caliph is alive!
https://www.dailymail.co.uk/news/article-6972903/ISIS-leader-Abu-Bakr-al-Baghdadi-seen-new-video-appearance-2014.html
“ISIS release new video showing their leader Abu Bakr al-Baghdadi IS alive as he makes his first appearance since 2014 hailing Sri Lankan attacks and vowing to avenge his defeated militants”
And even survived John McCain!
https://www.globalresearch.ca/wp-content/uploads/2015/12/Al-Baghdadi-in-meeting-with-McCain.jpg
Cloggie on Mon, 29th Apr 2019 4:40 pm
BBC Newsnight upbeat about chances that Labour and Tories will work out a compromise after all before the EU-elections.
Even the queen implicitly throws her weight behind getting May’s deal through parliament:
https://www.independent.co.uk/news/uk/politics/queens-speech-delay-brexit-extension-theresa-may-parliament-commons-a8891006.html
“Queen’s Speech to be delayed until Brexit delivered, Theresa May says”
Translation: queen to parliament: get it done, you suckers!
Cloggie on Mon, 29th Apr 2019 5:17 pm
Now on BBC Newsnight, a Black Lives matter activist, a DeRay McKesson (sic)… vaguely remember him… ah yes… this is the genius that teaches at Yale… I repeat ***YALE***…
https://www.washingtontimes.com/news/2015/oct/9/deray-mckesson-black-lives-matter-leader-and-yale-/
“DeRay McKesson, Black Lives Matter leader and Yale lecturer, teaches defense of looting”
Now he insists that blacks in America should receive “reparations for slavery”.
The truth is that slavery is the best thing that ever happened to blacks. It turned them from pathetic stone age cannibals into a people who sometimes can read and write and get accustomed to modernity on the fast track. They should pay a tuition fee for the things they learned.
Seriously, this McKesson chap is a little preview of how America (and hard Brexit Britain) will look like after Trump. Either whites will face a future where every aspect of white culture will be demonized and turn life in a nightmare, or they break-away and count on massive support from Europe, Russia and China, who all want to see Washington go.
https://www.dailymail.co.uk/news/article-3266220/Black-Lives-Matter-activist-giving-Yale-lecture-defends-LOOTING-compares-protests-Boston-Tea-Party.html
Cloggie on Mon, 29th Apr 2019 5:30 pm
Salvini refuses to celebrate the demise of Italian fascism. Why should he? Fascism was a defense mechanism against mass-murdering communism, that threatened to engulf entire Europe. Between 1917-1939, Soviet communism brutally killed tens of millions of its own people, Italian fascism less than 10. That should settle it.
A Roger Cohen of the NYT claims to be “concerned”:
https://www.nytimes.com/2019/04/26/opinion/italy-banner-mussolini-salvini.html?searchResultPosition=1
It is time to get extremely tough with the Cohen’s of this world and their water carriers, who seek to wipe us whites of the planet with their third world mass migration schemes.
Time to load our guns. We have potentially a winning coalition in place: Eurasia and US white nationalism. That’s overkill, pun intended.
https://www.youtube.com/watch?v=IDPQGvsHV5g
makati1 on Mon, 29th Apr 2019 5:57 pm
Trump has been weaponizing the dollar and is killing it. The dollar use is shrinking all over the world. It has not been fast enough for the One World crowd so Trump is putting the peddle to the metal and speeding up the process. The Great Leveling is ongoing.
“Opinion: Is Trump killing the dollar? ”
https://www.marketwatch.com/story/is-trump-killing-the-dollar-2017-08-23
GO TRUMP! TRUMP IN 2020! LOL
makati1 on Mon, 29th Apr 2019 6:08 pm
“The roots of Russophobia run deep in the US. They go much further than censored or slanted media or political gameplaying in Washington. What has to, or at least should be accepted is that Russophobia is a belief system, just like a religion, but with no spiritual nature, no holy prophets but resembling the worst of religion. Russophobia is a religion of hate that no one understand or will acknowledge the root cause of.”- Gordon Duff
https://journal-neo.org/2019/04/28/ignorance-and-russophobia/
“Donald Trump is the inheritor of Roy Cohn and, more than any president in recent times, is returning America to its expansionist roots. Blaming Russia has been just one “convenience” toward justifying century old or more efforts put in place by America’s opium barons.”
A good look at the real history of the US and why it has to go. Soon, I hope. GO TRUMP!
Cloggie on Tue, 30th Apr 2019 1:45 am
“The roots of Russophobia run deep in the US. They go much further than censored or slanted media or political gameplaying in Washington. What has to, or at least should be accepted is that Russophobia is a belief system, just like a religion, but with no spiritual nature, no holy prophets but resembling the worst of religion. Russophobia is a religion of hate that no one understand or will acknowledge the root cause of.”- Gordon Duff
It is a little more rational than that useless word “hate”.
Political America, since early 20th century, is build around the idea that it can dominate, if not own, the entire planet. A situation enabled by a giant oil-based economy and the assembled white competence in huge numbers, as well as Jewish brains to guide it all.
Up until 1939, a handful of competing small to mid-size European nations had owned most of the planet since, say, 1492.
By 1933, said Jewish brains owned both the US and USSR and now they wanted to team up and destroy the global European order… and succeeded, by intentionally setting Europe on fire, exploiting the Versailles situation, created as a result of a new German kid on the block, that was seen as a threat by the vested powers Britain and France, with Britain in the driver seat. The good services of the half-American, anti-British traitor Winston Churchill, in the pay of said brains, where crucial to get the job done.
However, when the dust of WW2 had settled, (((political America))) discovered to its horror that Stalin had removed the Jewish brains from Moscow. Now, for political America it was perfectly OK for Soviet communists to kill tens of millions of Russians and Ukrainians. After all, you can’t make an omelet without breaking an egg, now can you? See? But… removing the Jews from the Soviet power structure, now THAT’s a NO-NO for America.
And precisely THAT is the reason for American officialdom hatred against Russia: the latter have become immune of Jewish power. There was a short intermezzo 1991-2000, when the Jews got Russia under control again after communism, but Vladimir the Great ruined it all by kicking these oligarchs out, to the usual addresses of kosher-central: Israel, UK and the US.
And now he scored a major victory in Syria against the empire. And things in continental Europe are moving fast, to the right to be precise.
And America, that country with a number of people with German names, on par with the German original, is getting ever more restless about the direction the country is going.
ZOG, it.is.over.
Gradually PBM and China are taking over from the Anglos, who are in complete disarray. The NWO and Global Britain are dead in the water.
Cloggie on Tue, 30th Apr 2019 1:59 am
Britain remaining member of the European economic sphere of influence? Let’s hope so.
https://www.dailymail.co.uk/news/article-6974429/Ministers-make-substantive-moves-Brexit-talks-Labour-amid-hopes-deadlock-broken.html
“Ministers ‘make substantive moves in Brexit talks with Labour’ amid hopes the deadlock over Theresa May’s deal can be broken”
https://www.dailymail.co.uk/femail/article-6973085/Kate-Dame-Grand-Cross-Royal-Victorian-Order-eight-wedding-anniversary.html
“Kate is granted the Queen’s highest seal of approval as she’s made a Dame Grand Cross of the Royal Victorian Order on her eighth wedding anniversary”
Royals decorating royals. More interesting is who does NOT get the royal seal of approval.
Talking about her, here her father collecting food, on stamps?
https://www.dailymail.co.uk/news/article-6972957/Meghan-Markles-father-steps-grab-usual-takeout-ahead-Meghans-delivery.html
“EXCLUSIVE: Meghan Markle’s estranged father picks up takeaway food near his Mexican home while waiting for news of his royal grandchild’s birth 5,500 miles away”
makati1 on Tue, 30th Apr 2019 3:11 am
Cloggie, “hate” is rampant in the US, or didn’t you notice. I did and do. It is getting worse. TPTB are now turning everyone against everyone to level the playing field all over the planet. Their last gasp at control. I think you are being misled by your Eurocentric view of the world, which is blind to reality. Europe is being fed to the dogs as the US is shattering. The West is toast. I suggest that you move East. lol
makati1 on Tue, 30th Apr 2019 3:27 am
https://www.splcenter.org/hate-map
or…
https://www.statista.com/topics/4178/hate-crimes-in-the-united-states/
or…
https://www.washingtonpost.com/world/national-security/hate-crimes-rose-17-percent-last-year-according-to-new-fbi-data/2018/11/13/
Hate is up! Tolerance is down.
makati1 on Tue, 30th Apr 2019 3:32 am
Oops! forgot Europe!
https://www.splcenter.org/hatewatch/2018/10/05/hate-europe-september-2018
or…
https://www.splcenter.org/hatewatch/2018/10/05/hate-europe-september-2018
or…
https://www.splcenter.org/hatewatch/2018/08/03/hate-europe-july-2018
It’s going to be a hot summer in the West.
Cloggie on Tue, 30th Apr 2019 4:40 am
“Cloggie, “hate” is rampant in the US, or didn’t you notice.”
Of course I know that, but the point I would like to make is that “hate” never comes without a thorough reason, regardless how much jewish clubs like the SPLC of yours would pretend to be otherwise.
– Washington hates Russia, because Putin frustrates their program of global conquest.
– US whites hate coloureds because they see them as a threat.
– Coloureds hate whites because they see them as oppressors.
– European populism is to mass immigration what fascism was to communism: a hatred against becoming overrun.
See, all the “hatred” has a reason.
But tell me mak, are you seriously unaware that the SPLC is a jewish anti-white hate-group?
Or do you hate whites too, because your Philipino mother was pregnant of you when she and her GI-sweetheart were forced to flee from the Japanese, when they invaded the Philipines in 1942? I find it strange that for a white guy you are gloating so much about the demise of white America and glorify the land of the human robots, China. As if you are resentfull against whites, for instance because they subtly or not so subtly reminded you of your mixed-race background throughout your life, until you returned to the land of your mother.
I know, you are going to deny it and maybe you are 100% white, but something doesn’t add up.
Etc., etc., etc.
Robert Inget on Tue, 30th Apr 2019 7:46 am
Both WTI and Brent showing strong interest.
https://www.barchart.com/futures
http://www.livecharts.co.uk/MarketCharts/crude.php
There comes a moment, a tipping point, if you will
when money talks and bullshit walks.
Perfect Storm for Mr Bullshit.
Watch closely as oil prices go haywire, President Trump’s popularity begins to fall below his 37%
‘base’. Forget about Special Councils, all that goes over the head of most good folks. Four dollar gasoline doesn’t.
A Civil War is brewing in Venezuela. If Russian and or Chinese troops move to put down uprisings,
Trump will be faced with the prospect of intervention or denial making him look weak.
if this coup fails, Trump gets blamed for not assisting. This will be the first real international crisis facing Our Dear Leader. Will he panic?
Poor Venezuela. Cursed with a world’s biggest stash of oil . W/O VZ oil in circulation, in no time at all remaining crude will be priced out of reach for most.
I posted consumption numbers for India yesterday. Numbers, numbers, numbers.
Bottom line, @ 100 M B p/d world consumption
it’s Venezuela’s missing 2 M barrels putting
this world in deficit.
“Shortages” When a commodity is unavailable.
Duncan Idaho on Tue, 30th Apr 2019 8:46 am
Bay of Pigs one more time.
We shall see—-
Robert Inget on Tue, 30th Apr 2019 9:18 am
Venezuelans, including armed forces, divided.T
Government knows their ardent loyalists and are arming these individuals. (w/Russian/Chinese automatic weaponry)
Anti government forces are armed with slogans, signs on flimsy sticks.
No contest.
The thing most South Americans remember about
the Bay of Pigs operation. When CIA saw everything going to shit, withdrew US military support. Right wing Cubans never forgave Kennedy. In fact Cuban old guys in Miami are still voting solid Republican.
Up to 1960’s no US intervention had ever failed in South America. Since Castro, none have succeeded. (except a lighting Marine strike in Panama)
IMO, apart from the coming oil crisis, we should be more concerned with failing, former oil exporting state, Mexico.
Robert Inget on Tue, 30th Apr 2019 9:24 am
OPEC Exports hit 4 yr lows in April
By Alex Lawler
LONDON (Reuters) – OPEC oil supply hit a four-year low in April, a Reuters survey found, due to further involuntary declines in sanctions-hit Iran and Venezuela and output restraint by top exporter Saudi Arabia.
The 14-member Organization of the Petroleum Exporting Countries pumped 30.23 million barrels per day (bpd) this month, the survey showed, down 90,000 bpd from March and the lowest OPEC total since 2015, the Reuters survey showed.
The survey suggests that Saudi Arabia and its Gulf allies are maintaining even larger supply cuts than called for by OPEC’s latest deal, shrugging off pressure from U.S. President Donald Trump to increase supply to lower oil prices.
Crude oil is trading above $73 a barrel and hit a six-month high above $75 last week, boosted by Saudi supply restraint and curbs in Venezuela and Iran, which face U.S. sanctions that are limiting their exports.
“The Iran sanctions come on top of already fragile supplies and raise concerns about tightening markets,” Norbert Ruecker of Swiss bank Julius Baer said.
OPEC, Russia and other non-members, an alliance known as OPEC+, agreed in December to reduce supply by 1.2 million bpd from Jan. 1. OPEC’s share of the cut is 800,000 bpd, to be delivered by 11 members – all except Iran, Libya and Venezuela.
In April, the 11 OPEC members bound by the agreement achieved 132 percent of pledged cuts, the survey found, compared to 145 percent in March, due to higher production in Nigeria and small increases in Saudi Arabia and Iraq.
But lower supply in two of the exempt producers more than offset these gains, the survey found. Iran posted OPEC’s biggest supply drop this month of 150,000 bpd.
Iran’s crude exports dropped in April to their lowest daily level this year, suggesting buyers are curbing purchases before Washington clamps down further on Iranian shipments as expected next month.
In Venezuela, supply fell by 100,000 bpd due to the impact of U.S. sanctions on state oil company PDVSA and a long-term decline in production, according to the survey.
The latest OPEC+ deal came just months after the group agreed to pump more oil, which in turn partially unwound their original supply-limiting accord that took effect in 2017.
April’s output is the lowest by OPEC since February 2015, excluding membership changes that have taken place since then, Reuters surveys show.
The Reuters poll aims to track supply to the market and is based on shipping data provided by external sources, Refinitiv Eikon flows data and information provided by sources at oil companies, OPEC and consulting firms.
https://www.investing.com/news/commodities-news/opec-oil-output-hits-fouryear-low-in-april-on-iran-venezuela-reuters-survey-1850750
Robert Inget on Tue, 30th Apr 2019 9:29 am
CNN reports fighting (Coup) has started in Venezuela.
https://www.cnn.com/americas/live-news/juan-guaido-venezuela-operation-freedom-live-updates/index.html
Cloggie on Tue, 30th Apr 2019 9:31 am
“Four dollar gasoline”
Poor Americans.
Holland: 1.83 euro/liter or $7,77/gallon
Cloggie on Tue, 30th Apr 2019 9:45 am
More proof that PBM is official Russian policy.
Gaullism: leftist economics and social conservatism, a winning formulae.
Cloggie on Tue, 30th Apr 2019 9:45 am
https://www.rt.com/op-ed/457819-charles-degaulle-france-president/
Robert Inget on Tue, 30th Apr 2019 9:52 am
Our Federal gasoline tax is .37 cents a gallon.
Which in 1993 when last raised, cars were averaging 12 MPG. Today, even Pick Up trucks
get better mileage. Still, when it takes $100 to fill-up any additional gas taxes will be unwelcome .
(Red Necks are so pissed, they are taking it out on Teslas and their charging stations)
Oh, BTW, Democrats and Republicans are meeting today to raise gasoline taxes paying for infrastructure repairs. Recent oil price raises will put stop to that source of revenue. See how when a butterfly flaps wings off in Mexico?
Robert Inget on Tue, 30th Apr 2019 10:11 am
Noted markets are down on tepid economic news.
IF oil were already selling for say 88.00 a barrel and a few hedge funds took profits, the entire market could collapse its own overbought weight.
THAT is Not happening today. But fear is out there. Today Bots took stocks lower because their computer programs told them to.
Tune in again Wednesday after 10:30 Eastern and we can determine where w go next.
Duncan Idaho on Tue, 30th Apr 2019 10:24 am
RULE NUMBER ONE: Always have more than 30 armed men when trying to overthrow an established government
RULE NUMBER TWO: Always settle on a coup leader who has mass appeal and charisma, not a candy-ass rich kid like Guyaidó
RULE NUMBER THREE: Never follow the advice of serial losers like Bolton, Abrams and Pompeo
RULE NUMBER FOUR: Make sure you have plenty of reading material for long-term imprisonment
Robert Inget on Tue, 30th Apr 2019 11:08 am
Just remember Duncan’s rules the next time you and your four buddies from middle school decide to foment a coup de etat.
Rat now I’m more worried about runaway GW.
“Nature”
Permafrost collapse is accelerating carbon release
The sudden collapse of thawing soils in the Arctic might double the warming from greenhouse gases released from tundra, warn Merritt R. Turetsky and colleagues.
https://www.nature.com/articles/d41586-019-01313-4
Don’t tell anyone. It just makes folks angry. At you.
Going into summer. Watch for collapsing Arctic, Siberian, pipelines built on once solid permafrost.
If just one major gas pipeline breaks along hundreds of miles of warming Arctic, it could start a chain reaction of fear and loathing. At you, the messenger.
Cloggie on Tue, 30th Apr 2019 11:55 am
RULE NUMBER ONE: Always have more than 30 armed men when trying to overthrow an established government
RULE NUMBER TWO: Always settle on a coup leader who has mass appeal and charisma, not a candy-ass rich kid like Guyaidó
RULE NUMBER THREE: Never follow the advice of serial losers like Bolton, Abrams and Pompeo
RULE NUMBER FOUR: Make sure you have plenty of reading material for long-term imprisonment
Let’s briefly review a few (attempted) regime changes in the recent past:
1968 – Anti-Anglo de Gaulle chased out of office by CIA-backed leftist May uprising
1973 – Chile: local military coup, backed by the US, succeeded
1975 – Vietnam: failed, US thrown out
1979 – Afghanistan: USSR invades, US hires bin Laden and Taliban to push Soviets out and succeeds in 1989. Beginning of the global Jihadist phenomenon, which backfires against US and West.
1989 – Eastern Europe, inner uprisings. Failed model of society and subsequent legitimization. Capitalism had won. European integration next.
1991 – USSR, likewise. Fell apart in 15 new states, bloodless.
2003 – Iraq: foreign intervention by the US, US essentially thrown out, Iran took over
2011 – Libya: dirty work France and jihadists, nod from the US
2011 – Syria: failed overthrow attempt by Turkey, KSA, Qatar, backed and initiated by the US-UK, prevented by Russia and Iran
2013 – Egypt: local military coup against democratically elected president Islamist Morsi. Strong US backing.
2013 – Ukraine: prepared by Merkel-Germany (Adenauer-Stiftung), finished off by CIA snipers and local insurgents
2016 – Turkey: very likely US-backed, clumsy local military uprising. Goal: toppling anti-NWO Erdogan. Backfired, no integration Turkey in EU, losening NATO membership
Conclusion: with most regime attempts were the US involved, with mixed results. Dirt poor Ukraine huge success, Middle East catastrophic loss. Jihadism justifies the rise of anti-NWO populist parties in Europe.
Rise of white nationalism in the US as a result of changing demographics, Trump presidency (“white lash”). Tensions will only increase with further shifting demographics. Expect the US to cease to exist by 202x for the same reason the USSR fell apart: nobody believes anymore in the regime lie that “diversity is our strength”. It is less likely that the disintegration will be peaceful, since the oligarch owners of the US will try to keep their tax farm.
Gaia on Tue, 30th Apr 2019 12:23 pm
People regardless of who they are deserve to be treated with respect and dignity.
Truth Buster on Tue, 30th Apr 2019 12:28 pm
Blackwater Founder Calling For 5,000 Mercenaries To Topple Maduro
As if the past months of US push for regime change in Venezuela with officials like Elliott Abrams of Iran-Contra conviction infamy at the helm wasn’t bizarre enough, things just got weirder, as Erik Prince has apparently been pitching a plan around Washington to privatize US coup efforts using his latest Blackwater inspired mercenary empire.
Price has reportedly sought access to Trump administration officials to whom he’s attempting to pitch the whole operation, said to involve some 5,000 soldiers-for-hire to be used by opposition leader Juan Guaido, according to multiple sources who spoke to Reuters. The controversial private security CEO has sought investments from both Trump supporters and wealthy Venezuelan exiles, and reportedly held meetings over the plan as recently as mid-April.
The two sources with direct knowledge of Prince’s pitch said it calls for starting with intelligence operations and later deploying 4,000 to 5,000 soldiers-for-hire from Colombia and other Latin American nations to conduct combat and stabilization operations.
Gaia on Tue, 30th Apr 2019 12:37 pm
The US should be sent to the Dark Ages and its electrical grid shut down.
Duncan Idaho on Tue, 30th Apr 2019 12:42 pm
Another vomitona from Guido Gusano and his boy friend. They’re clearly out past curfew and should head back to the dorm.
Gaia on Tue, 30th Apr 2019 1:51 pm
Opposition leader Juan Guaido should lead Venezuela.
the real Gaia on Tue, 30th Apr 2019 2:16 pm
Hey idiot Davy, stop stealing my ID.
Robert Inget on Tue, 30th Apr 2019 2:44 pm
Venezuelan Army opens up w/AK’s on unarmed civilians.
https://twitter.com/Breaking911/status/1123283558829891585
Firing live into protesters means the end for Maduro. (it’s a long story, I’ll relate at a later time).
BTW this is how it all started in Syria, look-where that got us.
Robert Inget on Tue, 30th Apr 2019 2:53 pm
Note, I’ve yet to verify above video as un-doctored.
I might have fallen for a fake Tweet.
Duncan Idaho on Tue, 30th Apr 2019 3:33 pm
Chile’s foreign ministry says Venezuelan activist Leopoldo López and his family have sought refuge at the country’s diplomatic mission in Caracas.
This would seem to confirm that this chapter is over.
They will be in Miami in a week.
Duncan Idaho on Tue, 30th Apr 2019 3:38 pm
Random Guaido and his fascist pal Lopez just called for a counterrevolution and nobody showed.
union-of-muzzie-lovers-of-america-AKA-fmr-paultard on Tue, 30th Apr 2019 3:44 pm
duncan the tard
u the maggot who said something rly dumb
and also the same maggot who attacked supertard? what a peace of work
peas