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Page added on May 6, 2018
Billions on the line as Trump weighs Iran pullout
From airplanes to oilfields, billions of dollars are on the line for international corporations as President Donald Trump weighs whether to pull America out of Iran’s nuclear deal with world powers.
Regardless of where they are headquartered, virtually all multinational corporations do business or banking in the U.S., meaning any return to pre-deal sanctions could torpedo deals made after the 2015 agreement came into force.
That threat alone has been enough to scare risk-averse firms, like Boeing Co., into slow-walking deals agreed to months ago. A complete pullout by the U.S. would wreak further havoc and likely frighten off those considering making the plunge.
“I absolutely think those on the fence will not jump in,” said Richard Nephew, a former sanctions expert at the U.S. State Department who worked on the nuclear deal and now is at New York’s Columbia University. “The only ones who will, will be those who see tremendous monetary benefit and no U.S. risk.”
The 2015 Iran nuclear deal lifted crippling economic sanctions that had locked Iran out of international banking and the global oil trade. In return, Tehran limited its enrichment of uranium, reconfigured a heavy-water reactor so it couldn’t produce plutonium and reduced its uranium stockpile and supply of centrifuges.
For Western businesses, the deal meant access to Iran’s largely untapped market of 80 million people. Most prominently, airplane manufacturers rushed in to replace the country’s dangerously dilapidated civilian fleet.
In December 2016, Airbus Group signed a deal with Iran’s national carrier, IranAir, to sell it 100 airplanes for around $19 billion at list prices. Boeing later struck its own deal with IranAir for 80 aircraft with a list price of some $17 billion, promising that deliveries would begin in 2017 and run until 2025. Boeing separately struck another 30-airplane deal with Iran’s Aseman Airlines for $3 billion at list prices.
109 Comments on "Billions on the line as Trump weighs Iran pullout"
eugene on Sun, 6th May 2018 11:50 am
Iran will simply turn ever more to China/Russia which is already happening. We’re cutting our own throats in the international scene. Contrary to many Americans, we aren’t the center of the universe.
JuanP on Sun, 6th May 2018 12:25 pm
There are only three countries in the world that don’t support the existing Iranian deal, the USA, Israel, and Saudi Arabia. What does that tell you?
MASTERMIND on Sun, 6th May 2018 1:11 pm
Only about seventy lifetimes, of seventy years, have been lived end to end since civilization began.
Cloggie on Sun, 6th May 2018 2:19 pm
Cheap Iraqi oil for Israel, an important motive for the 2003 invasion:
http://universitypressblog.dept.ku.edu/uncategorized/1395/
Davy on Sun, 6th May 2018 2:33 pm
Who the frig cares about Isreal and their oil demand? Israeli oil demand doesn’t event measure a cunt hair on what matters measure. What a dumb n Dutch comment.
Cloggie on Sun, 6th May 2018 2:43 pm
“Who the frig cares about Isreal and their oil demand? ”
You feign to have little respect for your masters.
Meathead always gets mad if confronted with less pleasant aspects of the empire and next begins to downplay the facts.
1 million Iraqis killed and Meathead simply shrugs: “who cares”.
#PlanetaryCancer
Cloggie on Sun, 6th May 2018 2:49 pm
Republican resistance against Iran pullout:
https://www.reuters.com/article/us-iran-nuclear-usa-thornberry/republican-house-armed-service-chair-warns-trump-against-leaving-iran-deal-idUSKBN1I70Q3
Davy on Sun, 6th May 2018 3:19 pm
nedernazi, how many people live in Palestine? How much driving can they do in such a small place? Cheap oil for Israel is not a reason for the Iraq war, dumbass.
MASTERMIND on Sun, 6th May 2018 3:44 pm
Easter Island carried out for us the experiment of permitting unrestricted population growth, profligate use of resources, destruction of the environment and boundless confidence in their religion to take care of the future. The result was an ecological disaster leading to a population crash….
MASTERMIND on Sun, 6th May 2018 3:56 pm
Clogg
The Republicans live for war. Just look at the south in the US. they recreate the civil war battles every year. Its like a Relgion to those people.
Go Speed Racer on Sun, 6th May 2018 3:59 pm
Considering how the sex romp with
Stormy Daniels has turned into such
a political football for the democrats
and that Trump has multiple hookers
he paid off, recommendation is
he should pull out.
Go Speed Racer on Sun, 6th May 2018 4:02 pm
It’s The Beach Boys song!
Bomb bomb bomb, bomb bomb Iran
https://www.youtube.com/watch?v=_iKuMVqht4U
PUT A QUARTER IN THE JUKEBOX
PUSH F-16
WAIT FOR THE NEEDLE TO HIT THE RECORD
AND ENJOY !!
https://www.youtube.com/watch?v=_iKuMVqht4U
Cloggie on Sun, 6th May 2018 4:03 pm
Trump should say that “relationships” are a private matter. Several presidents had several misstresses.
Go Speed Racer on Sun, 6th May 2018 4:05 pm
People should have marriages not relationships.
Set me up with a Dutch girlfriend, Clogster,
and she’ll be my wife not my mistress.
After all, I’m half dutch anyway, close enough
for government work.
Go Speed Racer on Sun, 6th May 2018 4:07 pm
ANOTHER
GREAT
VERSION
https://www.youtube.com/watch?v=vZwDL3-Ze4w
AND if you like vinyl ….
https://www.youtube.com/watch?v=CVWpcKmz1t0
Harquebus on Sun, 6th May 2018 5:21 pm
Ecology, environment, economics, geophysics, energy, climate, population and politics. All are factors in our now obvious downward spiral. It’s all related and all are dependent on and revolve around energy of which, oil is the master resource.
“But sadly, as prodigious as it will be, our growing pile of debt isn’t going to be the primary limiter of growth in the coming decades.
Instead, it will be Energy.”
“With increasingly expensive energy — and increasing global competition for it — the economy will find itself increasingly constrained. We will be faced with a future of doing less.
This is not fear-mongering; it’s science. Specifically, our destiny is in the hands of the Laws of Thermodynamics. Without a surfeit of new, plentiful, BTU-dense and affordable energy sources (which we simply don’t see on the horizon), economic growth cannot be sustained.”
“Everything is tuned to grow exponentially. There is no “plan B”.
We have no models yet for how to manage in a world of de-growth, so we will blindly slam into this crisis head-on. But as painful as they will be, the economic woes at that time will be the least of our worries.”
https://www.peakprosperity.com/blog/113961/economy-cooked
Duncan Idaho on Sun, 6th May 2018 7:51 pm
“Who the frig cares about Isreal and their oil demand? ”
Israel is a US military base (covertly, of course).
We need it for arms and weapons against adversaries who want “our oil”, and land resources.
Davy on Sun, 6th May 2018 8:28 pm
Idaho, I am referring to the proportionality of their demand. It is insignificant in regards to the nedernazi’s post above. 8.5MIL people is around the size of the Houston metroplex.
Majed Alahmadi on Sun, 6th May 2018 8:43 pm
The whole Arab world of 400 Million population is against Iran Nuclear deal
Keith McClary on Sun, 6th May 2018 11:36 pm
Some countries may get serious about banks and other companies (including US subsidiaries) obeying their own laws regardless of US attempts to apply it’s law worldwide.
Boat on Mon, 7th May 2018 12:13 am
Clog
Who killed them, ISIS, Kurds, Sharia Law fans from around the world? Why do Muslims ask for US military help as the world did in WWII. India, VietNam Tiawan…..hey little help over here. The list goes on and on. S Korea, Japan…. little help over here. The Baltic States, Ukraine, Nigeria…little help over here. Friggen pirates snatching tankers…. little help over here.
If Germany made a third attempt….yep… we know……a little help over here.
Cloggie on Mon, 7th May 2018 12:24 am
Who killed them, ISIS, Kurds, Sharia Law fans from around the world?
Who paid these Sharia fans?
https://documents1940.wordpress.com/2017/11/05/qatar-admits-us-turkey-ksa-qatar-conspired-in-syrian-war/
Who removed the dictator that held Iraq together?
Boat on Mon, 7th May 2018 12:37 am
Clog
Held together by gassing is ok in your world. Here in the US we hold to a higher standard.
Go Speed Racer on Mon, 7th May 2018 1:23 am
Kill them all, God will sort them out.
pat on Mon, 7th May 2018 5:02 am
the geopolitical risks, iran nuclear deal, venezuela collapse, volatile oil producing regions and coupled with world growth topping out to rocket oil to new highs 150 $. oil shortages 2020…prepare……
Davy on Mon, 7th May 2018 5:28 am
Pat we call it peak oil dynamics. These are risks beyond just normal peak oil depletion that are defining variables.
BobInget on Mon, 7th May 2018 9:22 am
Iran, (trump) SEEMS to be driving oil higher.
Almost no one is watching fundamentals.
While it’s true trump needs the distraction, he knows or cares little about the oil bidness or human welfare in general.
One absolute fact, ignored. Venezuela, the world’s
greatest known oil reserve is in ruins. Venezuela isn’t adding much if anything to world supply.
Second most ignored Fact:
Saudi exporting infrastructure is being attacked. Daily. I’m not making this up.
http://www.newsweek.com/us-soldiers-secretly-fighting-saudi-arabias-war-yemen-report-says-910041
https://www.nytimes.com/2018/05/03/us/politics/green-berets-saudi-yemen-border-houthi.html
one more:
http://www.businessinsider.com/israel-may-kill-syrias-assad-a-putin-ally-over-iran-missile-threat-2018-5
THIS is the main reason trump won’t sign on w/Iran nuke agreement link below.
https://www.ynetnews.com/articles/0,7340,L-5253557,00.html
MASTERMIND on Mon, 7th May 2018 9:28 am
Peak oil is now! Prepare for the shortages and collapse and Anarchy!
https://imgur.com/a/lBwyYCt
BobInget on Mon, 7th May 2018 9:42 am
WTI just went from $70.50 to $70.34 and day traders went for the doors.
That’s how much most market traders understand
about what fuels our world’s economies.
Cloggie on Mon, 7th May 2018 10:31 am
Held together by gassing is ok in your world. Here in the US we hold to a higher standard.
https://en.wikipedia.org/wiki/Halabja_chemical_attack
Yeah, the world is aware of your “higher standards”, like from 10 km high to drop bombs, even nuclear ones, on civilians, killing hundreds of thousands. I wipe my ass with your “higher standards”.
S Korea, Japan…. little help over here. The Baltic States, Ukraine, Nigeria…little help over here. Friggen pirates snatching tankers…. little help over here.
If Germany made a third attempt….yep… we know……a little help over here.
Yeah, your sanctimonious “little help”, invariable intended to add victim countries to that empire of yours, killing hundreds of thousands in the process.
And you think you are invulnerable there in that Houston of yours, rapidly changing into 3rd world status. Your entire country is being filled with people, who after Trump, that is the last president of European-America, will impose ever stronger egalitarian demands on you and your “white privilege”. Good luck with that. Won’t be long until your country and hence empire will fall apart, to everybody’s relief (except George Soros).
https://www.amazon.com/Suicide-Superpower-Will-America-Survive-ebook/dp/B004YD36HS/ref=sr_1_1?ie=UTF8
https://www.youtube.com/watch?v=Va6MAwexpnE
rockman on Mon, 7th May 2018 12:16 pm
Bob – “WTI just went from $70.50 to $70.34 and day traders went for the doors.” I presume most here that WTI sold by producers this week sold for less then the $70+/bbl price 30 day WTI futures contracts are being bid at. How much profit/loss on those contracts will be determined by the price of contracts in 4 weeks. Also the obvious: very little of the oil sold in the global market place this week is WTI oil.
As far as the amount of Vz proved oil reserves: similar to the Alberta oil sands they are nearly worthless without the condensate/light oil needed to blend with it to allow pumping and refining.
MASTERMIND on Mon, 7th May 2018 1:04 pm
renewables” aren’t renewable. They are derivatives.
Mark Ziegler on Mon, 7th May 2018 2:42 pm
The only reason Trump is trashing the deal is because Obama had something to do with it. (Racist).
DerHundistlos on Mon, 7th May 2018 7:37 pm
Speed Racer
News flash Clueless, Trump is being investigated by Trump justice department appointees, not “democrats”. The Democrats do not control the presidency nor the senate nor the House nor the supreme court, thus no power.
Nevertheless, nice try to deflect blame.
MASTERMIND on Mon, 7th May 2018 8:07 pm
Energy watchdog warns oil and electricity shortages could develop as investment falls
https://www.cnbc.com/2017/07/10/watchdog-warns-of-oil-and-electricity-shortages-as-investment-falls.html
Oil and electricity shortages coming! Worlds leading energy authority warns! I hope you don’t need to go anywhere or watch any tv or internet! LOL
MASTERMIND on Mon, 7th May 2018 8:13 pm
Rising Oil Prices Are Still a Drag on U.S. Economy, Pimco Says
https://www.bloomberg.com/news/articles/2018-05-07/rising-oil-prices-are-still-a-drag-on-u-s-economy-pimco-says
MASTERMIND on Mon, 7th May 2018 8:47 pm
Marx and Communism Are Not Dead; One More Financial Crisis Could Bring them Back
https://www.lombardiletter.com/next-financial-crisis-will-make-marx-popular-again/28027/
Bill Gates: We will have another financial crisis like the one in 2008—it’s a ‘certainty’
https://www.cnbc.com/2018/03/06/bill-gates-it-is-a-certainty-we-will-have-another-financial-crisis.html
Boat on Mon, 7th May 2018 8:54 pm
Mm
The energy capital of the world has plenty of anything you need. Newer wells are projected to have an ultimate return 35% higher than just 3 years ago. But, but, but they depleat so fast. Nevermind they produce more oil. Lol
Boat on Mon, 7th May 2018 9:01 pm
To Mexico and the approx reported 40% of US oil that hedged at around $50 and below…..oops.
Boat on Mon, 7th May 2018 9:06 pm
Mm
You know why you don’t post interesting oil information on an oil site? You don’t follow oil. You chase hype like mak and Clog. They have obvious agendas. Your links are just anything negative. Kinda weird.
MASTERMIND on Mon, 7th May 2018 9:18 pm
Boat
I don’t follow oil? My manifesto has over 70 oil related stories and scholarly studies..I just posted an oil related story above from today?
https://imgur.com/a/pYxKa
You see the world through rose colored glasses..
MASTERMIND on Mon, 7th May 2018 9:22 pm
Boat
You mean the energy bankruptcy capital of the world…Fracking is total joke. And you can’t fool investors forever! The industry is headed for a brick wall, harder than what ole Aubrey crashed into! LOL
https://imgur.com/a/pYxKa
MASTERMIND on Mon, 7th May 2018 9:28 pm
Hedge fund star David Einhorn calls oil companies using fracking a joke
http://money.cnn.com/2015/05/04/investing/david-einhorn-oil-fracking-terrible-investment/index.html
Duncan Idaho on Mon, 7th May 2018 9:52 pm
“Fracking is total joke. And you can’t fool investors forever!”
Profit doesn’t seem to be an issue (the more you lose, the better you are?).
It is quite a interesting business model– you just can’t stop or the econ catches up with you.
MASTERMIND on Mon, 7th May 2018 10:07 pm
Duncon
Yes but historically speaking companies that don’t make any profits go out of business eventually. Usually when their debts become un-serviceable. Fracking isn’t the first business to try this model. Nobody knows though how long it will last..At the end of last year there seemed to be a lot of articles talking about how investors were becoming impatient though. Either way shale is nothing more than a stop gap measure. it can’t make up for all the worlds declining conventional supplies.
MASTERMIND on Mon, 7th May 2018 11:01 pm
Energy Returns and the Long-run Growth of Global Industrial Society (Andrew 2017)
https://www.scribd.com/document/378512599/Energy-Returns-and-the-Long-run-Growth-of-Global-Industrial-Society-Andrew-2017
Cloggie on Mon, 7th May 2018 11:15 pm
“Marx and Communism Are Not Dead; One More Financial Crisis Could Bring them Back”
Peak oil is merely a fata morgana and wishful thinking for our forum sheeny and his bolshevik motivations. He wants to rape and enslave American whitey like his fellow tribesmen did to Russia and use the imported third world millions as a weapon and proletariat against European America. Thank God the US population has 300 million guns that could be properly used. I think the trains-to-the-East session will be skipped this time. Additionally there are hundreds of millions in Eurasia who would know how to take advantage of a US civil war situation a la the one in Russia 1917-1922. It is going to be crowded in North-America.
Just give it a try, millimind and see what happens next.
Boat on Mon, 7th May 2018 11:17 pm
Yes Mm Texas GDP is up to 5.7 on those fracking loses.
Cloggie on Mon, 7th May 2018 11:27 pm
Rotterdam Port Authority, presiding until fairly recently over the largest harbor in the world, is planning for a staggering 180 GW wind power in the North Sea up until 2045:
https://www.portofrotterdam.com/nl/nieuws-en-persberichten/havenbedrijf-rotterdam-vijfde-partner-in-north-sea-wind-power-hub-consortium
“Een specifiek door het consortium ontwikkeld scenario, gebaseerd op de COP21-doelen van het klimaatakkoord van Parijs, gaat uit van 180 GW aan offshore-windvermogen op de Noordzee in 2045.”
The EU currently has an average electricity consumption of ca. 330GW.
In related news, the largest windturbine company in the world, Danish Vestas, plans a new production facility in Flushing in the Netherlands:
https://www.duurzaambedrijfsleven.nl/energie/26283/mhi-vestas-opent-nieuwe-windturbinefabriek-in-vlissingen
Fracking is yesterday’s news.
MASTERMIND on Mon, 7th May 2018 11:30 pm
Impacts of oil price shocks on the United States economy: A meta-analysis of the oil price elasticity of GDP for net oil-importing economies (Oladosu 2018)
https://www.scribd.com/document/378515689/Impacts-of-oil-price-shocks-on-the-United-States-economy-A-meta-analysis-of-the-oil-price-elasticity-of-GDP-for-net-oil-importing-economies-Oladosu#