Tom Luongo: A Critical Shift in the War for Oil
Davos really do think they are too clever by half.
Despite prognostications to the contrary, negotiations with Iran over a new JCPOA are nearing completion which Biden/Obama will sign off on after putting up a bit more token resistance to lifting sanctions.
Why do I say this? Nordstream 2.
Biden backed down on Nordstream 2 and, at The Davos Crowd’s insistence, he will back down on the JCPOA.
Davos needs cheap energy into Europe. That’s ultimately what the JCPOA was all about.
The basic framework for the deal is still there.
While the U.S. will kick and scream a bit about sanctions relief, Iran will be back into the oil market and make it possible for Europe to once again invest in oil/gas projects in Iran.
Read more ....
Commentaries, Analysis, And Editorials -- June 15, 2021
What They Want: Divergent goals for Biden, Putin at summit -- Jonathan Lemire and Vladimir Isachenkov, AP
How Biden Should Deal With Putin -- Michael McFaul, Foreign Affairs
Joe Biden and Vladimir Putin are set to meet after months of trading barbs. Here's what to expect from the Switzerland summit -- Greg Jennett, ABC News (Australia)
A Pointless U.S.-Russia Summit? -- Ted Galen Carpenter, National Interest
'Biden leads reluctant Europeans into united front against China' -- France 24
A U.S.-Russia Alliance Against China? Don't Laugh Just Yet. -- H. Kazianis, 1945
Concerns grow over China's Taiwan plans -- Rebecca Kheel, The Hill
Taiwan triple whammy threatens global chip supply -- Frank Chen, Asia Times
China's reliance on Australian iron ore is a 'strategic weakness' for Xi Jinping, expert says -- Matt Bevan, ABC News (Australia)
Naftali Bennett: The rise of Israel's new PM -- BBC
New Israeli government gives people hope -- Sarah Judith Hofmann, DW
Analysis: Subdued Iran vote will still impact wider Mideast -- Jon Gambrell, AP
Breaking down the 2021 presidential race in Iran (Video) -- France 24
Coronavirus: Can countries pay back pandemic debt? -- BBC
Here’s why cryptocurrency crashes on weekends -- Katie Dore, CNBC
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