Immortals
Elite Member
Trump is trying to manipulate oil markets by saying there is more available oil out there, then there is.
Exactly. And let’s say there is even 100 million barrels of oil, the most likely recipients are gonna be China, Pakistan, and whatever little is left maybe to India since they still have refineries that can process Iranian oil.
Iran produces about 4MBPD - but consumes at least half it domestically. So iran simply isn’t a big player in the oil space due to sanctions and much needed investments into its oil fields to reach 5-7MBPD output. In fact, China produces ALMOST as much oil DOMESTICALLY AS Iran does.







