The EIA has lowered crude price forecasts in its Short-Term Energy Outlook (STEO), expecting West Texas Intermediate (WTI) crude oil prices to average $49 per barrel (b) in 2015 and $54/b in 2016. [EIA] New documents have revealed BP was part of an oil and gas lobby that successfully undermined EU renewable energy targets and subsidies… Keep reading →
A congressional vote of disapproval would not necessarily be a deal breaker; in fact, it could give the administration time to improve the agreement or implement other policy measures that more effectively secure U.S. interests. What are the implications of voting against the Iran nuclear agreement? Considerable hyperbole clouds the issue. Here is a guide… Keep reading →
After almost two years of negotiations, the P5+1 and Iran reach a final comprehensive agreement regarding Iran’s nuclear program.
The current crude oil export debate basically is about global competition – and whether the United States will stop sanctioning itself and let an American commodity trade freely on the global market. An irony – we’ll call it the “Iran Irony” – underscores the anti-competitive nature of our outdated ban on oil exports and the… Keep reading →
The Supreme Leader’s initial reaction has sent discouraging signals about Iran’s willingness to comply with its commitments in the long term. As expected, Ayatollah Ali Khamenei’s reaction to the nuclear deal was utterly different from that of President Hassan Rouhani. Right after the agreement was announced on July 14, Rouhani appeared on state television and… Keep reading →
On July 14, 2015, the P5+1 nations (United States, United Kingdom, France, Russia, China and Germany) and Iran announced that they had agreed upon a Joint Comprehensive Plan of Action (JCPOA) regarding Iran’s nuclear program.
US sanctions are not immediately lifted due to the announcement.
The additional resources unleashed by the agreement will put Iran in a better position to spend more on its various priorities, but how much it puts toward foreign adventurism will remain a political, not an economic, decision. The economic windfall Iran will gain from a nuclear agreement will create opportunities for Tehran. Yet understanding the… Keep reading →
Hey, we have an Iran deal. You know what that means… No, I’m talking about… would you get out from under your desks, you look like a damn fool. I’m talking about oil of course. Crude. The good stuff. By the end of the year, Iran should be able to flood the market with sweet… Keep reading →
In the nuclear negotiations, Tehran wants to have its cake and eat it too by obtaining sanctions relief while preserving the option to build a nuclear weapon in the future; the U.S. goal must be to deny Iran this capability. If Iran and the P5+1 powers reach a nuclear accord this summer, members of Congress,… Keep reading →
