Quote:
Originally Posted by CrazyMartin
Iran has too much oil!
Too much oil on the market, bad for SA bad for USA (oil cheap)
This is the main reason
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Actually, it is cheap energy fueling the US economy. And if it should hit $90 a bl, our economy will shrink within 90 days, but it takes 6 months+ for them to really measure it.
But the market share of Iran does have a interest to Russia and Sauidi's.
Both economies based heavy in oil per GDP.
edit: I should add that those 2 nations have a oil alliance and that is a bit of production/price controls.
Iran can throw a monkey wrench in that.