Iran Deal: Oil Dips, But Big Energy Says 'Hold My Beer'
Biden's latest 'diplomatic victory' ain't gonna save you from $5 gas, snowflakes, because the oil barons ain't falling for it.
So, Biden cut another 'deal' with Iran. Supposedly, this means cheaper gas. Right. Sure it does. That's why Big Energy is currently giving this agreement the side-eye equivalent of a thousand-yard stare. Analysts are saying oil and gas companies are pumping the brakes on restoring production, because, surprise, surprise, they don't exactly trust Ayatollah Khamenei to play nice in the Strait of Hormuz.
The Strait of Hormuz, for those of you who slept through geography, is basically the oil industry's butthole. A tiny little passage where a whole lotta crude has to squeeze through. And guess who controls the sphincter? That's right, Iran. Remember when they were seizing tankers and generally acting like pirates? Yeah, Big Energy remembers. Hence, the hesitation.
This whole situation is basically the geopolitical equivalent of offering a starving dog a treat, then yanking it away at the last second. Biden promised lower gas prices, but the oil companies are like, 'Nah, we're good. We'll wait and see if this 'deal' is worth the paper it's printed on... or the sanctions relief it comes with.'
Let's be honest, these energy companies are not exactly run by bleeding-heart liberals. They're in the business of making money, and they're not going to risk their assets, and the shareholder's cash, on some handshake agreement with a regime that chants 'Death to America' every Friday after prayers. Remember that 'maximum pressure' campaign? It's kinda hard to forget when it impacts your stock portfolio.
So, what does this mean for you, the average Joe with a gas-guzzling pickup truck and a mortgage to pay? Probably more pain at the pump. Biden can spin this however he wants, but the reality is that energy policy is dictated by the market, and the market isn't buying what he's selling. They're busy looking at their portfolios and wondering how many yachts they can afford after the next earnings report, security risks be damned. Until the Strait of Hormuz looks like Disneyland, the oil isn't flowing any faster. Get used to it.
Meanwhile, the Green New Deal crowd is probably cheering, hoping this will finally force everyone to buy electric cars. Good luck with that when the power grid can barely handle the air conditioners in California, let alone a nation of Teslas. And the average electric car costs more than most people's annual salary. Get real.
Time to stock up on gas cans and invest in a bicycle. Because the adults in charge don't have a clue what they're doing. #Bidenflation #IranDealFail #StraitOfHormuz #GasPrices #LetsGoBrandon


