The Iranian nuclear deal has done something quite wonderful. It has lowered oil prices by ending the US led embargo of Iran’s products, including oil. Iranian oil is now flooding the international markets, driving the price of oil and gasoline down. Some people in the USA are not happy with this deal, notably Republicans. One has to wonder, however, if that’s because of that oil flooding the world’s markets, or if they’re really worried the Iranians will violate the agreement, launch a suicidal nuclear assault on the United States, which would be a calamity for the Iranians since there would be a dust heap afterwards where the nation of Iran once stood, especially considering the success these same people claim for the US missile defense shield.
One has to wonder if the deal to keep Iran embargoed was intentionally to keep its oil off the world market, which drove oil and gasoline prices higher than they would otherwise have been. In other words, the effect of the Iranian embargo was to redistribute money from the 99 percent to investors and executives of Big Oil. The lack of a nuclear deal kept that embargo in place. Was this a strange coincidence? Or a master plan?
Big Oil is a big supporter of the Republican Party. Did the president strike a deal with the Iranians with an eye toward driving the price of oil and gasoline down, as well as Big Oil’s profit margins. The president’s deal may lower campaign contributions to the Republicans from the masters of this sector of the economy.
The Iranians have never been a threat to the United States, and they won’t be even if they violate any agreement to not produce nuclear weapons. The truth is that the Iranians entered the fray against ISIS at the behest of the Americans many months ago. They also offered to join with the US to eliminate Al Queda in Afghanistan after 9-11. However, President George W. Bush found it convenient to paint the Iranians as a dangerous threat to the US in order to jack up profitable military spending. That administration also most likely did not want Iranian oil flooding the world markets.
Perhaps President Obama had this in mind when he sealed the deal, and perhaps lower gasoline and oil prices is just a happy coincidence.