@JEUninformed@killthepedophil Nobody goes nuts unless price supports it. Drilling happens as a function of oil price -> capex. It's not complicated.
Det er en viss ironi i at informasjon skal gjennom en kommisjon ledet av Grete Faremo, som selv har sluppet unna etterforskning for uren trav med en halv milliard bistandskroner.
It's still surprising to me why Norway, being so rich, expands its money supply at this rate. Switzerland doesn't, and the exchange rate in the last 10 years reflects that. $NOK $CHF
"Least" is carrying a lot of weight. 1200m bbls is 3.3 mbpd over a year. We don't just flip a switch to make those kind of amounts. Let alone, even if this thing ends today we are probably looking at an additional 500m bbls lost before back to normal.
@CRUDEOIL231@Aion19834333 But likely a solution that US admin is happy with. They get GCC barrels out of gulf, even if Iran gets some kind of payment, while keeping the optics of their "blockade". Theatrics seems more important for US right now.
@AryJeayBackup Probably the sanctioned Iranian cash that's been "released" to the GCC countries. Trump don't want to be seen paying his way out of this, after he's been bashing Obama for years.
@jeremyscahill > Iran has also said ... a substantial amount of its assets must be repatriated. Trump ... will not do this.
Hence why we are seeing funds released to GCC countries, so they can pass it on to Iran.
@calvinfroedge The causation chain here is incredible.
1982, Israel invades Lebanon and bombs Beirut -> Bin Laden swears revenge on US towers -> 9/11 -> Patriot Act -> banks start KYC/AML -> you don't get paid.