Saturday, July 04, 2020

We're about to seize Iranian Tankers headed to Venezuela?


2020 is the year that just keeps on giving!  Why now?  There is an oil glut currently, Iran and Venezuela are practically isolated internationally and both countries are hurting badly.

The current dynamics of the situation seem quite favorable so why risk this type of escalation?

Curious as hell the calculus behind this thing.  Hate to follow the old chestnut of following the money but this would raise oil prices globally in an instant if we did this and Saudi Arabia (as well as Russia, US oil etc...) would benefit greatly.

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