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crock

What If Iran Reduces It's Oil Out Put ?

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I read that Iran supplies 4 million barrels per day of oil and this could not be met by other producers.

If the US start threatening Iran where would oil prices go if Iran threatens to suspend / reduce it's oil contribution ?

What difference would 4 million BPD make to oil prices ?

Edited by crock

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I read that Iran supplies 4 million barrels per day of oil and this could not be met by other producers.

If the US start threatening Iran where would oil prices go if Iran threatens to suspend / reduce it's oil contribution ?

What difference would 4 million BPD make to oil prices ?

A loss of anything like 4 million barrels per day would be disastrous, the market is jumping at a few hundred thousand barrels at the moment. It would be economic suicide for the West to invade Iran for this reason I’d bet my bottom dollar it’ll never happen. The worst we’ll see are extremely limited surgical strikes against their nuclear installation.

See this from the Tehran Times

http://www.tehrantimes.com/Description.asp...&Cat=14&Num=001

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Oil prices would go up

US would suffer

But the biggest losers would be China...

Perhaps this is the motivation of Bush's sabre ratling.

if a rise in the price of oil hurts the Chinese, maybe it is a counter

threat to thier possible selll off of US bonds..?

Nothing to do with house pprices though :D

ABB

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Perhaps this is the motivation of Bush's sabre ratling.

if a rise in the price of oil  hurts the Chinese, maybe it is a counter

threat to thier possible selll off of US bonds..?

Nothing to do with house pprices though :D

ABB

We'll end up on the wrong side of the Chinese, I've been saying this for some time now.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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