Oil Glut Gives Trump the Upper Hand Against Iran

Trump's Oily Advantage

Right so yours truly Mr. Bean reporting live ish from my armchair. Seems like that chap Trump has got a bit of a sneaky advantage over in Iran hasn't he? Something about oil being cheap. Now I'm no expert but even I know that when things are cheap you can get more of them. Like when I found that half price jar of gherkins. Pure gold that was. Anyway this Mr. Wright bloke he's saying that Trump doesn't have to worry so much about oil prices going bonkers. Good for him I suppose. Makes you think though doesn't it? Sort of like when I tried to paint my flat using fireworks. Good idea in theory…

The World's Swimming in Oil

Apparently the world's overflowing with the stuff. Like when I accidentally flooded Mrs. Wicket's flat trying to have a bath. Oh dear. OPEC and the Americans are pumping it out like nobody's business which means prices stay down. This gives Trump more room to maneuver especially when you consider Trump and Xi's Thorny Chat: Taiwan Tariffs and Tensions and other global issues. It's all a bit like trying to parallel park my Mini – lots of fiddling about but eventually you hope you get it right.

Military Might and Oil Fights

So Trump's sent a massive boat to the Middle East a boat so big even I couldn't lose it and I'm good at loosing things. He's waving it about telling Iran to play nice with the nuclear program. Sounds a bit like when I tried to teach Teddy to do tricks but with slightly higher stakes. It's all a game of bluff and bluster like when I tried to convince the Queen that I was a world renowned brain surgeon. Didn't work but I did get a biscuit.

Whispers in Oman

Turns out some diplomats have been having a little chat in Oman. "A good start," they said. Sounds promising doesn't it? Like when I managed to start my car after twenty minutes of fiddling with the distributor cap. Iran's churning out barrels of oil so they're a big player in all of this. It's all a bit like when I tried to cook Christmas dinner – lots of ingredients lots of potential for disaster but hopefully something edible comes out in the end.

Venezuela to the Rescue

Now here's a funny thing. Seems like Venezuela might be back in the oil game. Apparently that chap Maduro is now under the control of US and hopefully the US will keep him in order. The Americans are keen to help rebuild their energy sector. This could add a bit of stability to the whole oily mess. It's a bit like when I tried to fix my TV aerial with a rubber band and a paperclip. Unlikely to work but you never know.

A Stabilizing Influence

So Venezuela is now a "helpful stabilizer" of energy markets according to this chap Mr. Wright. That's good news I suppose. It's like when Teddy helps me with my jigsaw puzzles. Not always effective but at least he tries and doesn't make a mess... unless I leave my marmalade sandwich lying around.