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Old 07-18-2015, 11:04 AM
 
847 posts, read 767,211 times
Reputation: 426

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Quote:
Originally Posted by Old Gringo View Post
I dunno...

Iranian oil will most likely go to China and India, so I'm not so sure it'll impact prices here all that much.

But it'll be good news to me if it really does happen.
Unlike Natural Gas Oil is relatively cheap and easy to Ship.

That's why generally the price of sweet crude is set internationally in WTI and Brent Markets.

It is a global market. Demand/supply surplus or shortage any where in the world affects everybody.
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Old 07-18-2015, 11:07 AM
Status: "everybody getting reported now.." (set 25 days ago)
 
Location: Pine Grove,AL
29,566 posts, read 16,552,753 times
Reputation: 6044
Quote:
Originally Posted by Old Gringo View Post
I dunno...

Iranian oil will most likely go to China and India, so I'm not so sure it'll impact prices here all that much.

But it'll be good news to me if it really does happen.
China isnt going to buy more gas per capita, so that means they buy less gas from others. More competition means a lower price.
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Old 07-18-2015, 11:11 AM
 
Location: Someplace Wonderful
5,177 posts, read 4,793,470 times
Reputation: 2587
Quote:
Originally Posted by jojajn View Post
Very good argument to not approve the Keystone pipeline!
Wrong. Everything should be done that will result in more domestic oil reaching more domestic refiners, which in turn contributes to the reduction and ultimate end of dependence upon oil imports. Good Things all.
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Old 07-18-2015, 11:14 AM
 
28,677 posts, read 18,801,179 times
Reputation: 30998
Quote:
Originally Posted by Old Gringo View Post
I dunno...

Iranian oil will most likely go to China and India, so I'm not so sure it'll impact prices here all that much.

But it'll be good news to me if it really does happen.
Doesn't really matter where that specific flow of oil goes. The Iranian deal means more oil supply on the overall market. They're not going to sell it to China and India at anything less than world market price, so Iranian oil going to China means less Kuwaiti oil going to China...it all adds up the the same effect on the supply and demand pulls of the overall market.
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Old 07-18-2015, 12:51 PM
 
188 posts, read 193,192 times
Reputation: 110
Ya we should pay Iran money for their oil so they can fund more terrorism against the US and harbor more terrorists.

Sounds good.
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Old 07-18-2015, 12:55 PM
 
25,849 posts, read 16,537,070 times
Reputation: 16028
Obama has killed so many good jobs that people are not traveling around as much. As stated in the thread, all storage is at capacity for crude. We have oil overflowing.
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Old 07-18-2015, 01:08 PM
 
28,677 posts, read 18,801,179 times
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Quote:
Originally Posted by basketballdude39 View Post
Ya we should pay Iran money for their oil so they can fund more terrorism against the US and harbor more terrorists.

Sounds good.
The Saudis and Kuwaitis have the Iranians beat on that score a million percent. By far, most of the exported terrorism in the world is by Wahabi Muslims funded by the Saudis--which is the home of that particularly radical sect.

ALL of the 9/11 terrorists were Wahabi Muslims with Saudi support...not a one was a Shiite with any connection with Iran--and most were from Saudi Arabia. Al Qaeda is Wahabi, ISIS is Wahabi, and they are totally anti-Iranian.

Yet, US money continues to flow to Saudi Arabia and the Saudis continue to prop up the US dollar on the world currency market.--a deal between millionaires that ignores dead Americans.
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Old 07-18-2015, 01:35 PM
 
27,307 posts, read 16,230,847 times
Reputation: 12102
Quote:
Originally Posted by shooting4life View Post
I wish California wasn't so screwed up, paying nearly $4 gallon here right now.
That's for designer gasoline. California has cities demand a specific formulation and it is expensive for the refineries to make. Hence the higher prices.
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Old 07-18-2015, 01:56 PM
 
Location: SF Bay Area
12,287 posts, read 9,825,905 times
Reputation: 6509
Quote:
Originally Posted by T-310 View Post
That's for designer gasoline. California has cities demand a specific formulation and it is expensive for the refineries to make. Hence the higher prices.
It is a combination of seasonal blends, highest tax rate in the nation and cap and trade.
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Old 07-18-2015, 02:02 PM
 
56,988 posts, read 35,215,209 times
Reputation: 18824
Conservatives: Looking gift horses in the mouth since 1980.😏
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