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re: Oil stocks, oversupply and the Iran deal
Posted on 3/17/15 at 8:41 pm to GFunk
Posted on 3/17/15 at 8:41 pm to GFunk
quote:
the Iranian government has a break even point of $130/bl.
I'm no expert but this seems off to me. Isn't most of the Middle East oil relatively cheap to produce? At $130/bl Iranian oil wouldn't make a profit at the best of times.
1
Posted on 3/17/15 at 9:01 pm to white perch
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