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Author Topic: Iranian oil  (Read 1202 times)

Offline zack1234

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Iranian oil
« on: January 18, 2016, 11:32:19 AM »
How will it affect me?
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Offline WaffenVW

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Re: Iranian oil
« Reply #1 on: January 18, 2016, 11:52:59 AM »
Cheap(er) gas.
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Offline Tumor

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Re: Iranian oil
« Reply #2 on: January 18, 2016, 11:53:53 AM »
The Iranians are just out to make coin... don't buy any more gas.   :rock
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Offline TheBug

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Re: Iranian oil
« Reply #3 on: January 18, 2016, 12:00:21 PM »
I don't believe it is meant to ingested but I would imagine in your case it could only make you more lucid. 
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Offline pembquist

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Re: Iranian oil
« Reply #4 on: January 18, 2016, 12:34:48 PM »
It will make you slippery
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Offline Shuffler

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Re: Iranian oil
« Reply #5 on: January 18, 2016, 12:47:43 PM »
Prices on futures will continue to drop. Saudi Arabia is hurting and Iran is going to see that it continues to hurt. This could destroy OPEC.
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Offline zack1234

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Re: Iranian oil
« Reply #6 on: January 18, 2016, 12:53:56 PM »
Lubrication is good :old:

OPEC is nonsense since Nigeria regime broke ranks supported by the US :old:
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Offline mbailey

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Re: Iranian oil
« Reply #7 on: January 18, 2016, 01:27:47 PM »
Makes me think that im not going to mind filling up my 2 Trucks over the next few months
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Offline Brooke

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Re: Iranian oil
« Reply #8 on: January 18, 2016, 04:39:14 PM »
My opinion:

If enough Iranian oil is put on the market, it will help depress the value of oil and hasten the coming global financial crash (which would happen anyway, just some months later).

The financial crash will be initially deflationary at least for stocks, bonds, and real estate (as giant debts are defaulted on) then inflationary (for everyone, as world governments go full Keynesian and finally succeed in enormously devaluing their currencies).  In the process, many people will lose jobs, and there will be increased political turmoil.  Only once the gargantuan malinvestment has been liquidated and governments stop sabotaging free markets will things can get back to a growth path.
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Offline zack1234

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Re: Iranian oil
« Reply #9 on: January 18, 2016, 04:57:40 PM »
Cable TV and Lotterys will stop social unrest :old:

Free markets area myth :old:

I have no money and will do anything for coin.

And my car is worth $25

Maynard Keynes wore his mothers frocks in private company only.

The pitch fork brigade think Keynes invented American mustard and was a Commie :old:
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The GFC
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Offline bozon

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Re: Iranian oil
« Reply #10 on: January 19, 2016, 02:07:48 AM »
Quote from: zack1234 on January 18, 2016, 04:57:40 PM

Free markets area myth :old:
Absolutely. I have been to the market. Nothing there was for free.
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Offline zack1234

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Re: Iranian oil
« Reply #11 on: January 19, 2016, 02:45:42 AM »
Quote from: bozon on January 19, 2016, 02:07:48 AM
Absolutely. I have been to the market. Nothing there was for free.

It was rather expensive last time I went to the market :old:

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The GFC
Pipz lived in the Wilderness near Ontario

Offline DaveBB

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Re: Iranian oil
« Reply #12 on: January 19, 2016, 05:08:35 AM »
Middle Eastern oil is easier to access and refine, and thusly costs less.  Oil in North America is more difficult to access and harder to refine.  Remember the big oil boom in the U.S. and Canada from about 2010-2014?  OPEC is producing like crazy to keep oil prices suppressed.  This truly is costing hundreds of thousands of American jobs (actually possibly millions, according to the American Petroleum Institute). 

It sounds counterintuitive, but we need oil prices to rise above $75/bbl to stimulate the U.S/Canadian economy.  This also ironically sparks green energy production and more fuel efficient vehicles.
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Offline Zimme83

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Re: Iranian oil
« Reply #13 on: January 19, 2016, 07:21:18 AM »
What we have now is as close as a free market we can get when it comes to oil. In the short term it is nice to have cheap oil but if prices stay low for another year the effects can be a lot less positive on many levels.
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Offline zack1234

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Re: Iranian oil
« Reply #14 on: January 19, 2016, 07:50:09 AM »
What levels are these
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The GFC
Pipz lived in the Wilderness near Ontario
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