Monday June 20, 2016

I've Been Thinking:

Iran is now producing oil at a rate that makes them a major player in the oil world.

In January, when the sanctions were lifted, Iran produced 1.3 million barrels a day. By April, they were producing 2 million barrels per day.

May's figures put Iranian oil production at 3.64 million barrels per day.

Several problems emerge.

One problem is that Iran is making such serious headway that they are creeping up into the Saudi market.

A bigger problem is that fewer people are buying the oil. The market is weakening and just because the Iranians are pumping oil, it does not mean they have someplace to unload it.

Read my latest book THUGS. It's easy. Just click.
http://www.amazon.com/s/ref=nb_ss_gw?url=search-alias%3Daps&field-keywords=halpern%2C+micah

To reprint my essays contact sales (at) www.featurewell.com