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To: ping jockey

The price of oil isn’t determined in the US. The one’s that will determine it will mainly in Europe. Whether we import or not is not determined by OPEC Oil, but the removal of 800,000 bopd will affect the price in an upward way. BTW, reports are that Israel just bombed the crap out of Damascus (iranian missiles in the Damascus area.) https://www.israelnationalnews.com/News/News.aspx/245638?utm_source=activetrail&utm_medium=email&utm_campaign=nl. I guess we will see what the mood is after that. Since I have been in the Oil and Gas business for over forty years, I have learned that it is not real shortages that affect the prices, but the perception of them. We will both see what happens to the price now. Remember, any price hike benefits the Russians, so they might not be as mad as what they are saying (Iran is a potential competitor with them for European Oil and Gas).


35 posted on 05/08/2018 1:56:54 PM PDT by richardtavor
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