And unicorns will deliver the mail, and Leprechauns will brew beer and give it away for free...
What a simplistic and superficial analysis. It has always been the case that as the Middle East erupts in conflict and war, the price of oil goes up. If I ere a speculator I’d buy up oil when this dumb line of reasoning drives prices down.
This so-called agreement will bring Iran and Israel right to the brink, with the U.S. becoming totally relevant. That is a recipe for disaster.
aren’t we giving them $8 billion which will spent on building nukes?
And if our gas prices go down, that’s all that matters.
One million barrels a day is a very small drop in a very large bucket.
all that oil was already reaching the world markets.
this article is BS
nothing was stopping the Iran oil from export, indeed that was the most glaring weakness of the socalled sanctions
most of Iran’s oil is, or will be going to China ... increasingly so, and less to Europe as time goes by. But it all gets to the world market and it all gets purchased.
That would be the first positive thing Obama’s done for the economy.
The U.S. could have more than twice that amount of oil from Canada, just for the asking (and permitting the pipelines).
and there it is. It’s always energy-driven.
A million barrels is about 1/19th of the oil used in the U.S.A. in only one day. We, as a nation, use about a million barrels less per day than we did a few years ago, before we began our managed slide toward becoming a third world country.
I hereby apologize to Israel, on behalf of all REAL Americans. Many Americans suspect President Muhummad Al-Obama is a Kenyan, but few know Valerie Jarret, who secretly negotiated this deal, is Iranian. PERSIAN. Check Wikipedia or Google it.
Wrapped in a 7 Bil dollar gift to the Mullahs to kill Jews and Americans.
I think you can figure out where a lot of that American ‘aide’ will go. Valerie’s boys.
“Top Iranian Mullahs Corrupt, Official Says”
Iran will choke on its own oil puke.
DRILL HERE, DRILL NOW!
The price effect won’t be so large. Of the 1,000,000 bbls/day supposedly to hit the oil market again, 800,000 was already making it to the market, covertly, mainly to China.