The geopolitical ramifications of the oil and liquified natural gas (LNG) impact from the ongoing conflict with Iran is changing many of the world’s energy supply chains. Given the nature of the issues there are a myriad of complex dynamics to discuss. However, one key component is the U.S. policy shift to deal with the supply.
With that in mind, Treasury Secretary Scott Bessent appears with Larry Kudlow to discuss the United States’ new $20 billion maritime reinsurance plan as well as the ongoing conflict in Iran. CTH will be expanding the conversation specifically as it relates to Russian oil/gas sales. This is a good precursor interview. WATCH:
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Posted in Big Government, Big Stupid Government, Economy, energy, India, Iran, media bias, President Trump, propaganda, Russia, Trade Deal, Uncategorized, US Treasury, USA
Bessent is an A++ Cabinet Secretary.
Love Bessent’s ability to assess and deliver complex solutions to complex problems.
That and he suffers no fools. Eats media for breakfast.
“A week or two to get ships in and out safely.” ” We are working on it.” I think I heard that right.
“...a lot of (mis)information out there, especially from The Financial Times, who does not want this administration to succeed.”
“There is a terrible report from J.P. Morgan…just low-grade…I cannot tell you how wrong it is…they should just be ashamed.“
Yes, indeed!
All kinds of Communist-Globalists do not want President TRUMP to succeed!
It has not been sufficiently appreciated that one of the costs raising oil prices constantly – not just now – has been the constant threat from Iran of warfare and closing off the Persian Gulf.
If that threat is removed, risk insurance prices will necessarily go down, hence oil prices will go down.
Lloyd’s of London et al. would rather have the Ayatollahs of Iran constantly threaten the West – and never really carry it out, because Lloyd’s does not believe that the Ayatollahs would actually do such a thing – to keep insurance prices high, than have the threat removed.
They certainly do not want an insurance competitor to undercut them, i.e. President TRUMP’S insurance plan!
There are Trillions At Stake. We are seeing more and more revealed; those who had their hands out raking in their share of global $$ from the graft and corruption that was previously allowed unchecked. President Trump says Nope! and they all begin to lose their minds collectively.
Kudlow looks like my tax guy when I hand him my grocery bag of receipts.
Oh yeah, that’s the look.
😁
Why on earth did he tell him what were bombing tonight (last night?). Idk when this was aired but that could have been shared with the IRGC and a scramble to move those missiles out of the facilities. Am I wrong? Not to mention the American taxpayer is in the hook for the 20billion in insurance. All to keep the world supplied, Im not a happy camper. One mistake, one rebel faction could cause a problem. How much are they paying for this insurance? I’d rather my rates are cut! I still support Trump but the northeast is being totally neglected!
PDJT has already said that the bombing of Iran will continue for some weeks.
The “rebel faction” is called Congress.
The bombs are already falling, so saying that even more bombs will be falling is not giving away a secret, unless he gave exact locations with times.
From what I have read so far, the bombing is concentrating on research facilities, underground bunkers, etc. which could be used in the long term.
i.e. part of the promised “complete destruction” of the Iranian military capability.
Keep in mind that the $20 Billion in insurance is not a loss to the American Taxpayer: it will most probably not be paid out in claims, as the Persian Gulf is now secure from Iran.
See it as an investment which will pay off in lower oil prices in the long term. See my comment above!
I am not sure how this insurance is going to work but my understanding is the US will supplant Llyod’s as the insurer. If so, we are going to make money on the deal from the premiums paid. It will be a money maker. This is what the President is so good at!
Because our President is a business man not a dirty politician.
I can hardly believe how 1-dimensional & short-sighted you are!! I mean, can you see anything beyond the tip of your own nose??
The TEMPORARY fix for the insurance 1) doesn’t have a damn thing to do with your local insurance rates, BTW. AND 2) in what way, exactly, are your NE states “being neglected”? Haven’t your gas, eggs, taxes, etc come down ??
You know this is a temporary, wartime fix for an urgent problem, right? WE ARE AT WAR, Dude. Yes, weird, unexpected things happen, this was one, and due to clear ADVANCE PLANNING, our Prez had a viable solution ALL LINED UP. Or do you think he just thought that up at the last minute?
We won’t be out any $$. All that will be recouped, AND MORE. Or have you not noticed that he’s a multi-billionare genius?
Or would you rather the entire energy sector worldwide goes into panic, oil goes to $200+/bbl, LNG goes too $100, food doesn’t get to grocery stores, gas stations are empty, ad nauseum, and P. Trump would get blamed by the whole world (which is what the globalists wanted)?
No more navel-gazing allowed. We are all adults here.
As long as the Net Zero countries are cut off there should be no complaints.
After all the EU runs on EV doesn’t it?
LOL, perfect!
Thank you, Sundance.
Very positive excellent!!