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re: Economist: Iran deal means oil @ $10-20/bbl
Posted on 7/15/15 at 4:50 am to CorporateTiger
Posted on 7/15/15 at 4:50 am to CorporateTiger
It may have small blip but nothing significant and diff not down to $10-20/bbl. They need $200B + of investment just to get there fields up to date and remotely close to potential capacity.
1
Posted on 7/15/15 at 5:10 am to whiskeyjohn
They definitely know what they're doing.
They've already done a lot of damage to our economy and have the capacity to keep it up.
Expensive gas sucks but it's driving a great standard of living in south Louisiana. Next year this cheap oil is going to start to really screw it up.
They've already done a lot of damage to our economy and have the capacity to keep it up.
Expensive gas sucks but it's driving a great standard of living in south Louisiana. Next year this cheap oil is going to start to really screw it up.
Posted on 7/15/15 at 7:03 am to GREENHEAD22
quote:
It may have small blip but nothing significant and diff not down to $10-20/bbl. They need $200B + of investment just to get there fields up to date and remotely close to potential capacity.
Given how unfriendly Iran was to the foreign oil and gas companies in the past, it is going to take a while before that type of cash makes its way into Iran. Don't get your hopes up any time soon.
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