And now we know at least one reason why Obama insisted on this turkey of a deal.
How is Iran getting a bomb with missiles to deliver same going to reduce risks to the World’s oil supply?
Ping.
Very interesting. Thanks for posting.
Here’s another view on the matter that does not see a big drop in prices:
A radioactive, desolated, post-apocalyptic wasteland won’t produce much oil. Nor will a seething caldron of warring mooj sects consumed in genocidal blood rage.
Even if the great powers re-colonize and subjugate the savages, the oil will be pulled into two spheres, the West and the Sino-Soviet remarriage of convenience. Or one, since it seems the West no longer has the will or resources to do so.
OPEC might try one last flood of oil, trying to strangle the shale play baby in its crib, but I don’t think it will succeed.