by John Galt
July 14, 2015 20:40 ET
![07_14_OBAMA_IRANAGREEMENTCNNjgfla]()
IN the wee hours of this morning, President Obama's team lead by the former head of Emily's list and Secretary of State John Kerry capitulated to the Iranian mullahs and basically gave the regime in Tehran almost everything they asked for in a structured nuclear deal. This deal, as analyzed by numerous arms control experts, former heads of the IAEA, members of the US military, and objective observers in Israel have rated this not only as a disaster for world peace, but a prelude to the next world war similar to the Munich agreement with Neville Chamberlain.
The platitudes for this agreement are fast and furious, with such insanity from former Swedish Prime Minister Carl Bildt saying the following via a Tweet as reported by the Jerusalem Post:
![07_14_IRAN_NOBEL_JERPOSTjgfla]()
Sadly for those observers and even old Rush Limbaugh, this has nothing to to with Obama's legacy as President nor any concern for the safety and security of the region, especially Israel.
This is about President Obama fulfilling his campaign promises to his Arab campaign contributors in addition to destroying any semblance of America's historical political and military alliances in the region.
(via OpenSecrets.org)
As the information I highlighted above in an older article about the illegal contributions to the Obama campaigns of 2008 and 2012 is only a small slice of the danger America is in, the truth is that Obama wanted the deal with Iran for one reason only:
Money.
In exchange for funding his further post-Presidential ambitions, nations and sheiks in the Middle East are promising to commit large sums of money to the post-regime operations in exchange for a promise now to extinguish the fracking enabled shale oil industry in the United States. Currently there is approximately 30-50 million bbls. of Iranian oil at sea on oil tankers awaiting delivery along with the potential capacity to add 1-2 million bbls per day of oil of freshly produced Iranian crude to an already saturated market. While it will probably be 60 to 90 days before this impact is felt, once the oil begins to flow from Tehran the price of West Texas Intermediate crude will probably plummet below $50 per bbl and not find support until somewhere near the $30 per bbl price; far below the price necessary for any profit for the shale operations in the Dakotas, Texas, Ohio, and Pennsylvania to continue operating.
![07_14_WTI_WEEKLYCHARTJGFLA]()
As one can see from the weekly chart of WTI crude, the price has broken down in 2014 and continued to flounder near the $50 mark. By pushing it far below this area with the Iranian oil hitting the market, Obama has the opportunity to not only cripple the United States hydrocarbon industry but save the dictatorships in the Middle East politically by greatly reducing our drilling capacity. There is no financial incentive to start Arctic drilling nor any reason to lease rigs for further exploration and drilling in the Gulf of Mexico, thus as prices flounder between $30-$50 per bbl, the U.S. oil industry will stagnate.
Furthermore, there is evidence that President Obama is still bitter about the role that Saudi Arabia played in overthrowing the Muslim Brotherhood government he helped install in Egypt. By forcing Saudi Arabia to deal with Iranian Shiite rebels in its own country along with the Houthi Shiites in Yemen without U.S. assistance, Obama's action now provides legitimacy to the Iranian's support of these groups and actions in those regions causing Saudi Arabia to fight on its own. In addition, by deliberately ceding control of Iraq to the Iranians, Saudi Arabia is soon to be surrounded on three fronts by it's soon to be nuclear armed neighbor to the East, which will only drive Riyadh closer to a Russian and/or Chinese alliance to guarantee their security.
The reports circulating on the internet and via some news agencies speculate that the Kingdom has in fact placed the order with Pakistan for several atomic warheads which had always been an option since first reported by the BBC in 2013:
Saudi Arabia has invested in Pakistani nuclear weapons projects, and believes it could obtain atomic bombs at will, a variety of sources have told BBC Newsnight.
While the kingdom's quest has often been set in the context of countering Iran's atomic programme, it is now possible that the Saudis might be able to deploy such devices more quickly than the Islamic republic.
Earlier this year, a senior Nato decision maker told me that he had seen intelligence reporting that nuclear weapons made in Pakistan on behalf of Saudi Arabia are now sitting ready for delivery.
Last month Amos Yadlin, a former head of Israeli military intelligence, told a conference in Sweden that if Iran got the bomb, "the Saudis will not wait one month. They already paid for the bomb, they will go to Pakistan and bring what they need to bring."
The report excerpted from above was on November 6, 2013. Without a doubt, the Saudi government is looking to acquire more weapon systems from other, non-American sources including the nuclear warheads from Pakistan as soon as Ramadan is over in a few weeks to guarantee their nation's security as most experts believe Iran has enough fissile material for at least 2 warheads already.
The news is bleak but one must congratulate President Obama as he has fulfilled almost all of his campaign promises from 2008 by destroying our hydrocarbon industry and capacity, as well as destroying old alliances with Europe and the Middle East so as to bring new perspectives into our relations with the region. This destabilization will not only impact the United States economy but in the long run, leave our country at a geopolitical disadvantage compared to China, Russia, and worse the radical nations who support the terrorist scourge of this century.
Mission Accomplished, indeed Mr. President.