I've been wondering why nobody's squawking about the effects the Iran Deal might have on oil prices -
(hat tip = Democratic Underground)
Scott Walker's been the most adamant about how the deal's so bad he's trying to figure out how to start bombing Iran the day after he's elected. I guess maybe all that Koch money really is speaking pretty loudly. Who doesn't see that BTW?
So now the notion pops into my feverish little noggin - Obama (and Kerry - full props for a guy I never tho't was the real thing, but anyway) Obama more or less neutralizes Iran basically by bringing them over to the good guys' side and getting them to promise they'll play nice for now; he precludes (at least for a while) that we'll get suckered into another clusterfuck war in western Asia, which makes it harder for War Incorporated to make money; and he puts the mechanism into motion that should drive Big Oil's profits down; which makes it a little less profitable for Wall Street; etc etc etc.
It just seems like it all adds up to one big old-fashioned bitchslap for an extraordinarily shitty system of legalized bribery that's had a stranglehold on our little experiment in self-government and produced a dumb-n-numb electorate that keeps sending Coin-Operated Politicians back to the trough at the expense of the people who keep saying they're fed up with sending Coin-Operated Politicians back to the trough...
Or maybe it's just a one-off stop-gap thing, and Obama's not the fucking genius I'd like to think he might actually be.
A guy can dream tho'
And just remember - ya heard it here first, muhthuhfuckuhs.
Oil prices fell further Thursday a day after U.S. benchmark crude tumbled below $50 a barrel for the first time since April as bloated U.S. inventories and the prospect of increased Iranian crude shipments fueled concerns about swelling supplies even as demand is waning.
"We've had a lot of supply," says Tom Kloza, global head of energy analysis for the Oil Price Information Service. "Now the worry is that demand is going lower."
West Texas crude for September delivery fell 67 cents, or 1.4%, to $48.53 a barrel after dropping 2.3% on Wednesday. That's down about 20% from a recent peak of $61.01 in late June.
The Obama administration's proposed nuclear deal with Iran would lift sanctions and could allow that country to ship significantly more oil, adding to a recent surge in supplies from Saudi Arabia and Iraq. A Senate hearing on the agreement is scheduled for Thursday.- and there it is.
(hat tip = Democratic Underground)
Scott Walker's been the most adamant about how the deal's so bad he's trying to figure out how to start bombing Iran the day after he's elected. I guess maybe all that Koch money really is speaking pretty loudly. Who doesn't see that BTW?
So now the notion pops into my feverish little noggin - Obama (and Kerry - full props for a guy I never tho't was the real thing, but anyway) Obama more or less neutralizes Iran basically by bringing them over to the good guys' side and getting them to promise they'll play nice for now; he precludes (at least for a while) that we'll get suckered into another clusterfuck war in western Asia, which makes it harder for War Incorporated to make money; and he puts the mechanism into motion that should drive Big Oil's profits down; which makes it a little less profitable for Wall Street; etc etc etc.
It just seems like it all adds up to one big old-fashioned bitchslap for an extraordinarily shitty system of legalized bribery that's had a stranglehold on our little experiment in self-government and produced a dumb-n-numb electorate that keeps sending Coin-Operated Politicians back to the trough at the expense of the people who keep saying they're fed up with sending Coin-Operated Politicians back to the trough...
Or maybe it's just a one-off stop-gap thing, and Obama's not the fucking genius I'd like to think he might actually be.
A guy can dream tho'
And just remember - ya heard it here first, muhthuhfuckuhs.
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