China outsmarts OPEC by investing in Iranian oil and gas
Tom KirkmanIndependent Project Manager
China outsmarts OPEC.
Looks like China may be able to effectively undermine the dysfunctional OPEC price fixing cartel.
China will leverage its investments in Iran’s oil & gas to obtain cheaper oil & gas for China’s insatiable energy appetite in the near and mid future.
Expect the Saudis (and most of the rest of OPEC) to get annoyed.