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Forum - Wall Street Pit    Stock Due Diligence for All

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From: deaconmike (Rep: 950) reply to 3dronDate: 11/30/2016 20:09
Forum: Wall Street Pit - Msg #2648887Thread #673888936 (Rec: 0)
Re: Why oil will double....dammit

"Tearing up the Iran deal would mean 2m barrels of Iranian oil would
be taken off the world MD supply each day"

Good,,,maybe that might help increase oil production in the US
which would put people in the oil industry back to work.
And hopefully the new administration will eliminate some of the EPA
regulations so we can build a few new refineries & put more people
back to work. I think the last new refinery was built in 1976.
The less we depend on foreign oil the better for us.
We've taken it in the shorts from OPEC over the years,,,
now it's their turn to assume the position.



Reply to 3dron - Msg #2648886 - 11/30/2016 20:00

Why oil will double....dammit


Tearing up the Iran deal would mean 2m barrels of Iranian oil would be taken off the world MD supply each day
'During the election campaign, Mr. Trump railed against the deal, calling it a disaster and pledging to “dismantle” the historic accord, reached in 2015, in which Tehran agreed to limits on its nuclear program in return for the lifting of international oil and financial sanctions.

Mike Pompeo, a Republican whom Mr. Trump has chosen to succeed John O. Brennan as head of the C.I.A., wrote in mid-November on Twitter, “I look forward to rolling back this disastrous deal with the world’s largest state sponsor of terrorism.”
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