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2015-08-06 Arabia

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Posted by lord garth 2015-08-06 08:06|| || Front Page|| [8 views ] Top

#1 Greater strain ahead for Saudi Arabia and other oil producers if Congress does not, with a veto-proof majority, reject President Obama's Iran arrangement. Iran is ready to flood the market with previously-embargoed oil, which will depress prices still further.

Still, it would also reduce the value of ISIS' surreptitious oil sales, so there is a small silver lining in that very dark cloud,

Posted by trailing wife 2015-08-06 09:19|| 2015-08-06 09:19|| Front Page Top

#2 @#1: They'll make it up in volume.

Posted by Hupineger Glomomp52169 2015-08-06 09:37|| 2015-08-06 09:37|| Front Page Top

#3 good point TW

although the amount that iran can pump is not known very well -- estimates are that in 12 months after the end of sanctions they could increase production by 300,000 (low estimate) to 1,200,000 (high estimate). If it were close to the high estimate it would definitely put pressure on the world oil price.

Posted by lord garth 2015-08-06 09:40|| 2015-08-06 09:40|| Front Page Top

#4 KSA backed Bonds. Named? Bonds, Djinn Bonds.

Posted by Shipman 2015-08-06 19:25|| 2015-08-06 19:25|| Front Page Top

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