The Iran nuke deal and the greenies
Politics isn’t the only thing that stops at the water's edge. It looks like the administration's climate change agenda and war on oil are for domestic consumption only.
Bloomberg reports that as diplomats haggle with Iran over its nuclear program, big oil company executives are already salivating over doing business with Iran. Bloomberg says Iran’s oil is “emerging again as a potential prize for Western oil companies such as BP, Royal Dutch Schell Plc, Eni SpA and Total SA. The Chinese can also be expected to enter the race, while US. Companies, more burdened by sanctions and legacy, will be further down the pack.”
“You look at the history of the oil companies, and that history is Iran,” said Nader Sultan, an oil consultant who ran state-owned Kuwait Petroleum Corp. from 1993 to 2004.
An appetite to return to Persia is understandable: Iran holds 10 percent of the world’s oil reserves -- putting it No. 4 globally after Venezuela, Saudi Arabia and Canada and ahead of Iraq -- and almost a fifth of gas reserves -- second only to Russia. “Iran is the big prize,” said Oswald Clint, an oil analyst at Sanford C. Bernstein & Co. “The resource size is very attractive.”
Hold it. Didn’t President Obama just veto the Keystone pipeline project because of the evils of oil? And now he’s the driving force behind the lifting of sanctions on Iran, which in turn will open of the oil well valves?
Where’s Greenpeace when we need them? Will Tom Steyer withhold funds from Democrat candidates, as he threatened to do over Keystone?
Or is the war on oil merely a domestic matter? Is it war against American oil, fought by Americans...against Americans?
FOLLOW US ON
Recent Articles
- Deep Dive: The Signal Chat Leak
- Mark Steyn’s Reversal of Fortune
- Where We Need Musk’s Chainsaw the Most
- Trump Is Not Destroying the Constitution, but Restoring It
- The Midwest Twilight Zone and the Death of Common Sense
- Hijacked Jurisdiction: How District Courts Are Blocking Immigration Enforcement
- Transgender Armageddon: The Zizian Murder Spree
- Jasmine Crockett, Queen of Ghettospeak
- The Racial Content of Advertising
- Why Liberal Judges Have a Lot to Answer For
Blog Posts
- April 2nd: Liberation Day and Reconciliation Day don’t mix
- Red crayons and hospital gowns
- The Paris Climate Agreement was doomed from the start
- Well excuse me, I don't remember
- Two new revelations about the Signal leak, along with two theories
- Big Tech’s Invisible Hand: How Google and Meta manipulate our elections
- New report: Netherlands is now euthanizing minors
- Tantalizing tidbits: Five news stories about leftists, and sea lions, acting aggressively
- Rockets to Roses: Israel’s bizarre trade cycle with Aza
- Fort Knox? Gold cams!
- There is no birthright citizenship for illegal aliens
- Turn off the phone. Close the laptop.
- Nine reasons Democrats are doomed to irrelevance
- Wagner College should restore Trump’s honorary degree—and set a national example against cancel culture
- The Signal Scandal was a nothingburger, but the WSJ takes the opportunity to attack Vance