The former head of the CIA… and the current Secretary of State, Mike Pompeo, has drawn a line in the sand.
If you buy Iranian oil, you’re getting slapped with a sanction.
Just 48 hours ago, Bloomberg reported that Pompeo said…
“It is our expectation that the purchases of Iranian crude oil will go to zero from every country, or sanctions will be imposed.”
Iranian exports… going to zero. This can mean only one thing…
Demand is going to trigger a massive rally in the right stocks.
P.S. Richard Malinson, energy and geopolitics expert, told Business Insider : “The price of oil will ‘certainly’ go above $90 and likely spike above $100 in the coming months.”
//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////At the same time, the Trump team is negotiating selling US oil to China as
a new outlet for the glut of oil produced in the USA.
///////////////////////////////////////////////////////////////////////////////////////////////////////////// All good news directly affecting oil and gas development in the Delaware Basin of Reeves, Culberson, and Pecos counties of Texas, and Lea and Eddy counties of New Mexico. $100/bbl oil prices will spur rapid development of horizontal drilling of stacked shale plays, the construction of new gas/NGL extraction, and crude oil products refineries along with much MORE pipeline take away and transport infrastructure.
ol’ Lawrence in Verhalen, Reeves county, Tx.