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Permalink Reply by jffree1 on March 10, 2015 at 4:08

However, if there were a deal with the West to end its nuclear program, Iran could move oil that it may have in storage into market, spurring a temporary jump in prices.

Someone explain to me how Iran moving more oil into the world market could cause a spike in prices... which are currently depressed due to over supply. 

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Permalink Reply by Skip Peel - Mineral Consultant on March 10, 2015 at 6:15

Still drilling at four-decade highs, the U.S. oil industry could
help drive another price collapse in crude this spring.

Crude production is at a four decade high however drilling is not.  The rig count has been in decline for 14 weeks with a total of 653 rigs dropped to date. 

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Permalink Reply by Matt Hall on March 13, 2015 at 7:27

There is so many contradictions, and innuendo in that article it makes my head spin. A true leftist communist wrote that article. More drivel for the unwashed masses! But I digress! 

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