Bad Iran Deal

The recent deal between Obama and Iran included the unfreezing of $7 billion in Iranian assets.  It was a mistake. See two articles below, one from Liberty Counsel Action and the other from Forbes:  

(Liberty Counsel Action) The possibility of Iran funding terrorism using $7 billion dollars that the interim deal on nuclear weapons released creates a very real and

very present danger for our armed forces.   President Obama's deal with the Iranians releases $4.2 billion in frozen assets and a total of $7 billion over six months. That money will go a long way toward advancing radical Islam in the world and funding state-sponsored terrorism.  In brokering the agreement, neither President Barack Obama nor

Secretary of State John Kerry placed any safeguards against the released Iranian money's use to fund terrorism against the U.S., our troops, or Israeli interests.   "When asked last week 'what safeguards will be in place to make sure that money is not funneled to terror groups by Iran,' White House Press Secretary Jay Carney declined to answer. Congressional insiders say that the White House dropped the ball by not mandating oversight of the unfrozen funds. 'It's really unconscionable to think America is now funding both sides of the war on terror,' said one senior congressional aide working on sanctions."

"Iran remains the most active state sponsor of terrorism. Its Islamic Revolutionary Guard Corps (IRGC) and Ministry of Intelligence and Security (MOIS) were directly involved in the planning and support of terrorist acts and continued to exhort a variety of groups, especially Palestinian groups with leadership cadres in Syria and Lebanese Hezbollah, to use terrorism in pursuit of their goals.  – Mat Staver, Chairman LCA http://libertycounsel.com/2014/01/seven-billion-dollars-will-fund-a-lot-of-terrorism-liberty-counsel/

 

(Forbes)  Iran Deal Could Lead To Scuttling of the Great U.S. Oil Boom

 In the short term, the Iran deal will ease the political risk premium baked into oil prices. In the medium term a comprehensive deal could add 1 million or more barrels per day to the market. In the long-term a gush of Iranian oil could soften oil prices enough to kill the economics of America’s tight oil boom. 

In Monday trades, after the weekend signing of an interim resolution between the U.S. and Iran, the price of benchmark Brent crude slid about 1.5% to $109 per barrel. West Texas Intermediate crude was down about 1% to $94 per barrel in mid-morning trades. - Christopher Helman, Forbes. http://www.forbes.com/fdc/welcome_mjx.shtml