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Anas Alhajji Profile picture
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1 Jun, 5 tweets, 2 min read
1-5 It is ironic that it was a pro-Trump website that made a big story out of nothing and claimed that the Biden Administration imported Iranian oil.
Aside from being a confiscated oil, it was seized and brought to the US by the Trump Administration. 🔥
2-5 Even preparations to request court approval to sell the oil were made during the Trump administration. The company that owns the tanker contacted the Trump Administration to inform them it might have unknowingly loaded Iranian oil while thinking it was Iraqi #oil. #Iran
3-5 My view: this official contact by the company that owns the tanker ruined an undercover operation that forced the seizure of the ship!

Remember, such crude oil shipments to China take place all the time. Why only this one is confiscated?
Better yet, see next
4-5 By confiscating 4 PRIVATELY owned oil tankers carrying Iranian gasoline to Venezuela, the Trump Administration chose a "soft target" to gain some political capital.

Why I am saying this?

Because it ignored the other 5 tankers that are OWNED by Iran!
5-5 To conclude, the website that strongly supports Trump and wanted to expose #Biden on Iran exposed #Trump instead! Using its logic and news, It was Trump who imported Iranian oil.

By the way, the last thing I want to do is to defend this guy! 👇

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More from @anasalhajji

Anas Alhajji Profile picture
2 Jun
Thread on #oil
1-6 Over the years, I have done a lot of work on the optimal price of oil

OPEC leaders will operate in the sweet spot. Where is the sweet spot now?

Based on my mode, we are already in it. Things start getting sour when Brent is above $75, bitter below $68. #OOTT Image
2-6 The above are rounded numbers. Of course, the actual results are not rounded. The model is based on several assumptions. The main one is that major producers focus on the long run. Their objective is to prolong the demand for oil as much as they can. #SaudiArabia #OPEC #OOTT
3-6 Short-term fluctuations above $75 or below $68 have no impact on the "sweet spot". Major oil producers should increase production if the price is TRENDING above $75 and prepare to cut if it is trending below $68, if they want to stay in the "honey barrel"!
#Oil #OOTT #OPEC
Read 6 tweets
Anas Alhajji Profile picture
30 May
If you think this problem is limited to the oil industry think again!
Abandoned wind, solar farms, & EV batteries are going to be a bigger problem in the next three decades. #OOTT #oil

The cost to clean up New Mexico’s oil & gas industry? $8 billion. grist.org/energy/new-mex…
stopthesethings.com/2020/01/25/rus…
"That left the turbines at Altamont Pass and in other locations across California such a as San Gorgonio and Tehachapi passes to, in some cases, fall into disrepair as companies that built them went belly up." #Wind
gizmodo.com/californias-hi…
Read 5 tweets
Anas Alhajji Profile picture
16 May
Thread
Econ 101:
1- When oil prices rose to $147 in 2008, and natural gas prices exceeded $14, #renewable energy did not expand much. Why? (same 2011-14 for oil)
Higher oil and natural gas prices are God's gift to democrats and environmentalists then. What happened? #oil #OOTT
2- Similarly, as governments and environmentalists pushed renewable energy and #ElectricVehicles forward, prices of several metals went up substantially and continued to increase. Was this a surprise? Probably to them.

But will this cost increase limit their growth?
3- We already know for sure that shortages of computer chips are delaying the production of all kinds of cars, including #ElectricVehicles.
- The chip shortage will hit electric trucks hard since they have already started the production & many were expected to come online soon.
Read 11 tweets
Anas Alhajji Profile picture
11 May
هل تريد ان تتعلم بعض مبادئ أسواق الطاقة؟
إقرأ الخبر أدناه! تعقيبي على الخبر في تغريدة تحته.
#البرازيل
- البرازيل تعتمد بشكل كبير نسبيا على توليد الكهرباء من سدود الماء على الأنهار. والتي تعد طاقة متجددة.
- البرازيل أكبر مستخدم للوقود الحيوي (الإيثانول المنتج من قصب السكر) في قطاع المواصلات في العالم.
- أوقف ربك المطر... فضرب قطاعات الزراعة والكهرباء والمواصلات معاً!
Read 4 tweets
Anas Alhajji Profile picture
23 Apr
1- President Biden & his climate advisors need to come down to earth before gravity brings them down. 2022 is just around the corner!
I studied the unintended consequences of govt regulations & policies long enough to conclude that what we heard today was a disaster in the making
2- The history of the oil industry is full of lessons: Democrats proposed the Oil Windfall Profit Tax in the 1970s & President Carter signed it into law in Apr 1980. The govt appropriated the money it thought it would collect, but oil prices collapsed. No windfall profit to tax!
3- Taxing wealth or increasing taxes on capital gains to finance infrastructure and climate change agenda will force foreign investors out of US markets. US investors will move their money overseas. Some might even move out of the US and get another nationality.
Read 12 tweets
Anas Alhajji Profile picture
21 Apr
1-5 By voting for the #NOPEC bill, supporters are telling Aramco & other NOCs that go public NOT to list in New York! They are forcing oil-producing countries to pivot more & more toward China & they are telling the rest of the world to apply the same rules to US companies. #OOTT
2-5 They are also telling oil-producing countries to take their investment outside the US, and telling their citizens not to visit the US. If people with money do not come to the US, you end up only with people with NO money coming to the US! What a policy!
3-5 The Irony is: Democrats need high oil prices for their green agenda to succeed. The last thing Democrats want is low oil prices. Low oil prices can increase US dependence on foreign oil imports while ruining the Democrat's green agenda.
Read 5 tweets

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