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re: Oil stocks, oversupply and the Iran deal
Posted on 3/16/15 at 2:10 pm to jlu03
Posted on 3/16/15 at 2:10 pm to jlu03
I don't pretend to argue this point as I am too ignorant in this area, but what makes you believe it drops another 30-35%? That would possibly bring gas to a national average of $1.30-1.40.
1
Posted on 3/16/15 at 2:23 pm to rpg37
Off the top of my head.... Libya just doubled their production output in about 3 weeks time and Iran will start exporting ASAP once the nuke deal is complete. And then there is Cushing.
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