Sunday , November 24 2024
Home / Mike Norman Economics / China Can’t Resist Iran’s Cheap Oil — Vanand Meliksetian

China Can’t Resist Iran’s Cheap Oil — Vanand Meliksetian

Summary:
So much for sanctions.However, time is running out for the Americans. Every day that the economic crisis in Iran continues, the country slowly drifts into the Chinese sphere of influence. The growing energy relations between the countries is a clear sign of changing attitudes. President Biden has an incredibly difficult task: getting Tehran to sign a revised and updated Nuclear Agreement without strengthening Iran too much or driving it into the hands of its strategic rival....The US has already lost Iran to China, in addition to Russia. Monumental strategic blunders based on US foreign and military policy. "Shooting yourself in the foot" is too kind to characterize it. Add this to the strategic blunders of attacking Iraq and Syria militarily, while being bogged down in Afghanistan. This

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it

Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister

New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice

Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.

 So much for sanctions.

However, time is running out for the Americans. Every day that the economic crisis in Iran continues, the country slowly drifts into the Chinese sphere of influence. The growing energy relations between the countries is a clear sign of changing attitudes. President Biden has an incredibly difficult task: getting Tehran to sign a revised and updated Nuclear Agreement without strengthening Iran too much or driving it into the hands of its strategic rival....
The US has already lost Iran to China, in addition to Russia. Monumental strategic blunders based on US foreign and military policy. "Shooting yourself in the foot" is too kind to characterize it. Add this to the strategic blunders of attacking Iraq and Syria militarily, while being bogged down in Afghanistan. This gone past the rational.

Oilprice
China Can’t Resist Iran’s Cheap Oil
Vanand Meliksetian
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *