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re: Stock market tomorrow after the Greece news
Posted on 6/29/15 at 12:03 pm to Northwestern tiger
Posted on 6/29/15 at 12:03 pm to Northwestern tiger
Are you saying Iran incentivizing companies to produce oil will cause the price to drop?
It seems like that would already be taken into account in the price
It seems like that would already be taken into account in the price
2
Posted on 6/29/15 at 12:09 pm to TheIndulger
VDE creeping back down to 52week low
Posted on 6/29/15 at 1:36 pm to TheIndulger
quote:
Are you saying Iran incentivizing companies to produce oil will cause the price to drop? It seems like that would already be taken into account in the price
No, Iran itself would introduce 500k-1.5mm barrels of oil every day into the global oil market. Many OPEC countries actually maintained or ramped up production to take Iran's previous customers and to meet as much demand as they could before Iran re-enters the market. The world has done fine without Iranian oil, but now Iran is coming back to lower prices from a supply glut.
What a perfect time it is for them to develop nuclear weapons.
This post was edited on 6/29/15 at 1:38 pm
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