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Iran deal impact on oil prices?
Posted on 5/8/18 at 11:33 am
Posted on 5/8/18 at 11:33 am
What's the outlook here?
4
Posted on 5/8/18 at 11:40 am to tiggerthetooth
Depends on what Trump announces. Market has been going nuts with like 3 different conflicting reports in last 2 hrs.
Posted on 5/8/18 at 11:43 am to Lou Pai
Seems like he's going to pull out.
Posted on 5/8/18 at 11:48 am to tiggerthetooth
Based on my understanding of the agreement and what the Iranians did, I hope he does.
Side note- definitely paying off right now for us to have such prolific U.S. onshore production. Gives us flexibility to handle these clowns how he want.
Side note- definitely paying off right now for us to have such prolific U.S. onshore production. Gives us flexibility to handle these clowns how he want.
Posted on 5/8/18 at 1:53 pm to Lou Pai
Plenty of sand out there for them to pound.
Posted on 5/8/18 at 1:54 pm to tiggerthetooth
Job securitaaaayy 
Posted on 5/8/18 at 2:43 pm to tiggerthetooth
Gonna be going up up up up... Shale won't be able to keep it under control IMO.
You're looking at 500,000 bpd to replace pretty quickly...and we are already seeing big issue/bottlenecks. Pipeline capacity, infrastructure and others that I am personally accustomed to at this point, pumping horsepower and sand.
Offshore/OPEC will have to make up that difference and that'll have to include the meteoric decline of Venezuela.
You're looking at 500,000 bpd to replace pretty quickly...and we are already seeing big issue/bottlenecks. Pipeline capacity, infrastructure and others that I am personally accustomed to at this point, pumping horsepower and sand.
Offshore/OPEC will have to make up that difference and that'll have to include the meteoric decline of Venezuela.
This post was edited on 5/8/18 at 2:44 pm
Posted on 5/8/18 at 2:46 pm to tiggerthetooth
WTI will pop up over $70 tomorrow. This is a mere flesh-wound to the market and will prove to be inconsequential. Iran is a pimple on the arse of mankind.
Posted on 5/8/18 at 4:35 pm to MadtownTiger
Somebody will buy Iranian oil. The big driver is supply and demand. Just like always. It will go up and then it will go down. Just like always.
Posted on 5/8/18 at 4:41 pm to cajuncarguy
quote:
It will go up and then it will go down
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