Those energy analysts who are not yet bored to death with the whole Iran business must be having a field day making forecast after forecast about how many barrels the country will lose following next Monday’s snap-back of U.S. sanctions. There is a lot of space for speculation and guesswork, and even those who are wary of making shocking forecasts don’t have a lot of facts to work with. Yet it’s been six months since President Trump announced the sanctions, and since then a lot of data has accumulated—and is still coming in—suggesting that the initial shocking forecasts of losses of between 1.5 and 2 million bpd in Iranian exports were slightly exaggerated. Data compiled by ClipperData and reported by the Energy Information Administration, for one thing, suggests that Iran exported a little less than 2 million bpd in September. That’s the same month when there was a flurry […]