July 13, 2015

IT'S A TRADE DEAL WHERE WE BOTH WIN...:

Crude Estimate: How Ending Iran Sanctions May Impact Oil Markets (Alan Neuhauser July 13, 2015, US News)

The country holds the fourth-largest oil reserves in the world, and it is sitting on another 20 to 40 million barrels in storage on-shore and in more than a dozen tankers floating off its coast - oil that could immediately flood a market already awash in cheap crude if and when sanctions are lifted.

But any major change in price may come not from that influx of oil, but the fears of shaky investors.

"You will probably see the greatest price response before any oil barrels actually flow, similar to what you had when the barrels from Iran were taken off the market," says Jamie Webster, senior director at the consulting firm IHS.


Nonetheless, he adds, "This is quite bearish obviously for oil markets. We're still in a very oversupplied situation."

...and our enemies lose.

Posted by at July 13, 2015 8:04 PM
  

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