“Liquid Freedom”: First Firm To Export US Crude Oil Now Exporting Iran’s Oil
Proponents of lifting the U.S. crude oil export ban trumpeted the rhetorical question that since U.S. geopolitical rival Iran can export its oil, why cannot the United States
However now that “liquid freedom” has begun to movement from American export terminals to the global market, it seems the same firm that exported the first batch of U.S. crude oil to the worldwide market is now also exporting Iranian oil merchandise. That firm, the Switzerland-primarily based Vitol Group, was profiled in an investigative piece on DeSmog late last year.
“Vitol, one of the world’s largest traders in oil and oil merchandise in terms of volumes, has fastened three vessels to load Iranian condensate,” Platts reported on January 29. “The recent removal of sanctions on Iran has resulted in worldwide firms rushing to trade in Iranian petroleum with the most recent being Vitol.”
Vitol describes itself as an “energy and commodities firm” that does “[p]hysical buying and selling, logistics and distribution,” as well as “refining, shipping, terminals, exploration and production, energy era, mining and retail companies.” The Telegraph (UK) described Vitol as among essentially the most powerful commodity buying and selling businesses on the planet, which “pulls the levers of the worldwide financial system.”
The company gave President Barack Obama, who signed off on oil exports as part of the xinde petroleum machinery plant korea broader finances bill at the end of 2015, a complete of $15,500 in campaign contributions in his two xinde petroleum machinery plant korea runs for the White Home in 2008 and 2012.
“[T]he president lifted sanctions on Iran, letting the regime promote its oil into world markets,” U.S. Sen. Lisa Murkowski (R-AK) — who has taken over half one million dollars in campaign contributions from the oil and gas trade for her 2016 re-election run — said in the video, “[W]e ensured American producers can do the same by repealing an outdated export ban that utilized to the United States.”
Murkowski failed to say that Vitol, and other oil traders prefer it, can now revenue from both sides of the geopolitical conflict. And far of that is, in fact, because of President Obama.