Will Cunliffe
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The market is getting crushed left and right folks!
Flat price is getting spanked! We are below $67.50/bbl. We told you there would be no boom boom in Iran. The stakes are too high and the price to severely damage Iran could be as high as – inter alia – a burning aircraft carrier and sky-high gasoline prices. Trump does not want either. And the longer-term pain would be anywhere between a loss in the midterms, where two-thirds of the votes go to the Democrats and a catastrophic reset to the Republican party. That would be spicy.
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