Economics
Goldman Sees Oil Exports Giving U.S. Leverage in Iran Sanctions
- U.S. can compel Iranian oil buyers in Asia to cut the habit
- American crude oil exports now match Iran’s, Currie says
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The U.S. has a new bargaining chip on the table when it comes to Iranian sanctions: Shale.
In 2012, American oil stayed at home, giving the U.S. less leverage to compel powerhouse oil-consuming countries like India and China to sanction Iran. That was then, this is now. The crude export ban has been lifted, and “the U.S. is as large of an exporter as Iran -- 2.5 million barrels a day,” Jeff Currie, Goldman Sachs Group Inc’s global head of commodities, said Thursday in an interview with Bloomberg TV.