08-20-2015, 01:48 PM
WRXtranceformed Wrote: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.
This is honestly one of two things I will give Obama credit for. One is STUXNET letting Iran know "We own your shit. We are in ur base, killin ur doods" and the second is literally taking the wind right out of Russian sails by collaborating with the House of Saud for these stupid low oil prices. This puts the screws to Russia, ISIS, and all of the "more hostile" members of OPEC. They're all either terrified of an Arab Spring or terrified of a nuclear Iran, and while we're never going to be loved over there, if we get cheap gas, a stronger dollar, and cheaper goods? I mean...ok fine.
When the fed bumps that interest rate tho...that's gonna be a fun ride.
1987 Oldsmobile Cutlass 442