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Iran Sanctions:
- Recap of events: US wants to zero out all Iranian oil exports (potentially 2.5 million bpd of oil). Is that even possible?
- See new analysis from Ellen Wald and David Mortlock at Atlantic Council: http://www.atlanticcouncil.org/blogs/energysource/the-risks-of-the-trump-administration-s-whiplash-policy-on-iranian-oil
- Saudi Arabia source of spare capacity, but Russia also increasing production
- OPEC implications:
https://www.reuters.com/article/us-oil-opec-iran/iran-to-saudi-opec-deal-does-not-give-the-right-to-pump-oil-above-target-idUSKBN1K60X9
- US Softens (maybe) position on Iran sanctions
https://www.reuters.com/article/us-usa-iran-mnuchin/mnuchin-says-u-s-will-consider-some-waivers-on-iran-sanctions-idUSKBN1K61HT
https://www.cnn.com/2018/07/16/politics/us-signals-it-would-consider-exemptions-on-iranian-oil/index.html
- Cryptocurrency possibilities for Iran

Oil Falls as Traders Anticipate Higher Supply
https://www.wsj.com/articles/oil-falls-ahead-of-trump-putin-summit-1531736412
- market moves aren't just based on supply and demand, but speculation is built into price moves

Peak oil demand forecast for 2036
https://www.ft.com/content/a12af4be-85cf-11e8-96dd-fa565ec55929
- Skeptical of these kinds of claims, especially since uses for petroleum keep increasing and when prices go down we spur economic growth that then increases demand

Surprise question for Ellen: Will Elon Musk still be the CEO of Tesla this time next year?

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