Obama: Iranian oil, good, Canadian oil, bad, American oil, bad

President Obama’s confusing approach to energy encourages our enemies who shout “death to America” as it penalizes our closest allies and even our own job creators.
Iran’s participation in the nuclear negotiations netted a deal that allows it to resume oil exports. International sanctions have, since 2011, cut Iran’s oil exports in half and severely damaged its economy. Iran currently has about 50 million barrels of oil in storage on 28 tankers at sea.
It is believed that it will take Iran months to bring its production back up to pre-sanction levels. The millions of barrels of oil parked offshore are indicative of their eagerness to increase exports. Once the sanctions disappear — if Congress approves the terms of the deal — Iran wants to be ready to move its oil.
On July 17, the Financial Times (FT) reported: “The departure of a giant Iranian supertanker from the flotilla of vessels storing oil off the country’s coast has triggered speculation Tehran is moving to ramp up its crude exports.” The Starla, “a 2 million barrel vessel,” set sail — moving the oil closer to customers in Asia.
Starla is the first vessel storing crude offshore to sail after the nuclear deal was reached — which is, according to the FT: “signaling its looming return to the oil market.”
Already, before sanctions are lifted, global oil prices are feeling the pressure of Iran’s increased exports. Since the deal has been announced, crude prices have lost almost all of the recent gains.
While the Obama Administration’s actions allow Iran to boost its economy by increasing its oil exports, the White House hurts our closest ally but putting delay after delay in front of the Keystone pipeline, which would help Canada export its oil.
So, the Obama Administration lobbies Congress to lift the sanctions on Iran, a country that views America as The Great Satan while constraining Canadian and American oil. How is that in the “national interest?”
It appears we might just be living in a country founded by geniuses and run by idiots...morehttp://www.mojahedin.org/newsen/36394/Obama-Iranian-oil-good-Canadian-oil-bad-American-oil-bad