VRPdommy |
05-20-2019 02:01 PM |
Quote:
Originally Posted by CrazyMartin
(Post 22472688)
Iran has too much oil!
Too much oil on the market, bad for SA bad for USA (oil cheap)
This is the main reason
|
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.
|