08-20-2015, 01:33 PM
I saw something from a research economist that mentioned that we could see $15-$20 / barrel prices soon, which would put gas prices where they were in the mid 90s. What is interesting to me is to hear the effect this is having on Russia (ie the ruble) and the relationship between Iran and the rest of the Middle East. If the Iran deal goes through, it would release a lot of sanctions that prevented them from selling oil internationally, so the Saudis will likely keep the supply high because Iran would need high oil prices to see a huge economic benefit. I guess the Saudis have been made for so long that they can ride out low prices for a really long time.
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks