iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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Senior Iranian Oil Minister Trolls Trump on Tapping into SPR and Elevated Oil Prices

Ever since Trump decided to punish Iran and impose sanctions, the price of crude has been strong as shit — trending higher. While I welcome these elevated prices, mainly because it discouraged poor people from driving and crashing into other people whilst taking selfies of themselves in their piece of shit vehicles, it’s important to document any time a senior oil minister trolls Trump for daring to access America’s strategic oil reserves.

“My advice to you, Mr. President, is to avoid touching the SPR – to cool down and give up sanctioning Iranian oil,” Hossein Kazempour Ardebili, Iran’s representative to OPEC, said by email.

“Mr. President, as I have foreseen earlier, it seems you are resorting to the SPR due to the fact that there is no spare capacity to cover for Iranian exports – but there will be many repercussions,” Kazempour said.

“Saudi Arabia, the U.A.E and Russia pretended to be able to deliver 2.5 million barrels a day of Iranian exports,” Kazempour said. “That was a miscalculation, Mr. President: you have fallen in their trap, and prices will go up.”

It’s not the first time the Iranian official has responded to Trump’s policies. Earlier this month, Kazempour said that tweets by Trump criticizing the Organization of Petroleum Exporting Countries had pushed oil prices up by about $10 a barrel.

“If we in Iran were to stop our exports for just one month to show what it can bring to the world economy, you would have thought twice,” Kazempour said. “But we are a civilized nation, and a responsible government.”

Thank God Iran is such a civilized nation, otherwise we’d be hamstrung by $500 crude by now. Just think about all of them oil stocks soaring higher under $500 crude. There’s no way I’d lose money on gas consumption, since my market gains would far outpace the amount of money spent at the pump. Granted, the economy would be in shambles and poor people would freeze to death during the winter months, it would be a fine experience, something to tell the grandkids by the fireside on wintry Xmas time nights.

“Back in my day when Iran decided not to be civilized, we didn’t have oil or heat, or even gasoline — because it was too god damned expensive. Why, most people went back to burning firewood in their houses and driving horse and buggies. Those were the days — you should’ve been there.”

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7 comments

  1. moosh

    What is President trumps position on oil prices? Iran is really retarded trying to play 1d chess and shit

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  2. acehood

    Trump better get gas prices down soon or the gop’s fucked.

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  3. moosh

    Looks about right.

    https://www.gasbuddy.com/GasPriceMap?z=4&lng=-96.591588

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  4. ferd

    You’ve become quite skilled choosing safe non-news stories.

    Of course the actual news today is the MSM hysteria about Trump meeting with the evil Putin. A man who – out of the blue – put troops into Syria, violated ABM treaties, annexed Crimea, interfered in our elections …all while we, the virtuous democracy that we are, were quietly tending to our own business within our own shores.

    Everyone should watch MSM tool Chuck Todd’s intro on Meet the Press as he gins-up the average moron with a bunch of biased speculation which he presents as fact.

    In my view, the one and only thing that this idiot president is doing that is positive is his trying to dial it down with Russia. Why is MSM so upset about this?

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  5. ironbird

    Jesus Christ. Time to fade black gold. Iran is a shithole. Fade them all. They are shitholes for a reason. Muh racciss white man horseshit. Does not play anymore. Shitholes are all shitholes. Shitty people make huge shitholes.

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  6. ironbird

    This shitposting basically makes you a spook. And that asshat Sarc right. Good job boss.

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    • s.k.

      That’s a fascinating theory. Has the Deep State gotten to Senor?

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