Thursday, January 2, 2020

Oil: Dammit, I Wasn't Ready!

The intro to a December 10th Post:
World Econ: "Was October The Turning Point?"
Yes.
And 2020 may shock the bears.
The only thing left to those hoping for economic chaos is to convince Iran to block the Straits of Hormuz.
More on that in a few weeks....
We were gathering the drums of war stuff, this was ready to go:

Sputnik, December 28
US Navy Chief Says Only ‘Regime Change’ in Iran Can Stop Country’s ‘Provocative Actions’ in Gulf

Foreign Policy
Top U.S. General: It’s ‘Very Possible’ Iran Will Attack Again. 

Reuters this morning:
U.S. sees signs Iran or proxies may be planning more attacks: Pentagon chief

We had the Supreme Leader Khamenei echoing Khomeini's "America can't do a damn thing" with the twitter taunt "You can't do anything":


I'm thinking "We'll have something this weekend, maybe post on Monday".
Oil's up 3% and we have no bets down.

We'll be back with more but in the meantime, here's Dexter Filkins at the New Yorker back in 2013 with a very deep dive into the recently deceased Suleimani:

The Shadow Commander
Qassem Suleimani is the Iranian operative who has been reshaping the Middle East. Now he’s directing Assad’s war in Syria.
Last February, some of Iran’s most influential leaders gathered at the Amir al-Momenin Mosque, in northeast Tehran, inside a gated community reserved for officers of the Revolutionary Guard. They had come to pay their last respects to a fallen comrade. Hassan Shateri, a veteran of Iran’s covert wars throughout the Middle East and South Asia, was a senior commander in a powerful, élite branch of the Revolutionary Guard called the Quds Force. The force is the sharp instrument of Iranian foreign policy, roughly analogous to a combined C.I.A. and Special Forces; its name comes from the Persian word for Jerusalem, which its fighters have promised to liberate. Since 1979, its goal has been to subvert Iran’s enemies and extend the country’s influence across the Middle East. Shateri had spent much of his career abroad, first in Afghanistan and then in Iraq, where the Quds Force helped Shiite militias kill American soldiers.
Shateri had been killed two days before, on the road that runs between Damascus and Beirut. He had gone to Syria, along with thousands of other members of the Quds Force, to rescue the country’s besieged President, Bashar al-Assad, a crucial ally of Iran. In the past few years, Shateri had worked under an alias as the Quds Force’s chief in Lebanon; there he had helped sustain the armed group Hezbollah, which at the time of the funeral had begun to pour men into Syria to fight for the regime. The circumstances of his death were unclear: one Iranian official said that Shateri had been “directly targeted” by “the Zionist regime,” as Iranians habitually refer to Israel.
At the funeral, the mourners sobbed, and some beat their chests in the Shiite way. Shateri’s casket was wrapped in an Iranian flag, and gathered around it were the commander of the Revolutionary Guard, dressed in green fatigues; a member of the plot to murder four exiled opposition leaders in a Berlin restaurant in 1992; and the father of Imad Mughniyeh, the Hezbollah commander believed to be responsible for the bombings that killed more than two hundred and fifty Americans in Beirut in 1983. Mughniyeh was assassinated in 2008, purportedly by Israeli agents. In the ethos of the Iranian revolution, to die was to serve. Before Shateri’s funeral, Ayatollah Ali Khamenei, the country’s Supreme Leader, released a note of praise: “In the end, he drank the sweet syrup of martyrdom.”
Kneeling in the second row on the mosque’s carpeted floor was Major General Qassem Suleimani, the Quds Force’s leader: a small man of fifty-six, with silver hair, a close-cropped beard, and a look of intense self-containment. It was Suleimani who had sent Shateri, an old and trusted friend, to his death. As Revolutionary Guard commanders, he and Shateri belonged to a small fraternity formed during the Sacred Defense, the name given to the Iran-Iraq War, which lasted from 1980 to 1988 and left as many as a million people dead. It was a catastrophic fight, but for Iran it was the beginning of a three-decade project to build a Shiite sphere of influence, stretching across Iraq and Syria to the Mediterranean. Along with its allies in Syria and Lebanon, Iran forms an Axis of Resistance, arrayed against the region’s dominant Sunni powers and the West. In Syria, the project hung in the balance, and Suleimani was mounting a desperate fight, even if the price of victory was a sectarian conflict that engulfed the region for years.

Suleimani took command of the Quds Force fifteen years ago, and in that time he has sought to reshape the Middle East in Iran’s favor, working as a power broker and as a military force: assassinating rivals, arming allies, and, for most of a decade, directing a network of militant groups that killed hundreds of Americans in Iraq. The U.S. Department of the Treasury has sanctioned Suleimani for his role in supporting the Assad regime, and for abetting terrorism. And yet he has remained mostly invisible to the outside world, even as he runs agents and directs operations. “Suleimani is the single most powerful operative in the Middle East today,” John Maguire, a former C.I.A. officer in Iraq, told me, “and no one’s ever heard of him.”

When Suleimani appears in public—often to speak at veterans’ events or to meet with Khamenei—he carries himself inconspicuously and rarely raises his voice, exhibiting a trait that Arabs call khilib, or understated charisma. “He is so short, but he has this presence,” a former senior Iraqi official told me. 
“There will be ten people in a room, and when Suleimani walks in he doesn’t come and sit with you. He sits over there on the other side of room, by himself, in a very quiet way. Doesn’t speak, doesn’t comment, just sits and listens. And so of course everyone is thinking only about him.”

At the funeral, Suleimani was dressed in a black jacket and a black shirt with no tie, in the Iranian style; his long, angular face and his arched eyebrows were twisted with pain. The Quds Force had never lost such a high-ranking officer abroad. The day before the funeral, Suleimani had travelled to Shateri’s home to offer condolences to his family. He has a fierce attachment to martyred soldiers, and often visits their families; in a recent interview with Iranian media, he said, “When I see the children of the martyrs, I want to smell their scent, and I lose myself.” As the funeral continued, he and the other mourners bent forward to pray, pressing their foreheads to the carpet. “One of the rarest people, who brought the revolution and the whole world to you, is gone,” Alireza Panahian, the imam, told the mourners. Suleimani cradled his head in his palm and began to weep.
The early months of 2013, around the time of Shateri’s death, marked a low point for the Iranian intervention in Syria. Assad was steadily losing ground to the rebels, who are dominated by Sunnis, Iran’s rivals. If Assad fell, the Iranian regime would lose its link to Hezbollah, its forward base against Israel. In a speech, one Iranian cleric said, “If we lose Syria, we cannot keep Tehran.”...
....MUCH MORE