SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: energyplay who wrote (121705)6/17/2009 9:08:33 AM
From: Ed Ajootian2 Recommendations  Read Replies (1) of 206085
 
WORLD WATCH Iran's hotly disputed elections don't pose an immediate threat to global oil supplies or energy markets, but their long term impact is likely to be considerable. With some 8 million barrels per day of surplus capacity, world oil markets could easily absorb the highly unlikely loss of 3 million b/d of Iranian exports. In fact, Saudi Arabia alone could fill the gap. But the massive demonstrations across the country are a reminder of the revolution 30 years ago and the cracks that have opened up more visibly in the Islamic republic have important implications for Tehran's energy future. Iran is likely to become more inward looking as it wrestles with internal discord and already stymied investment could slow further, partly due to stiffer sanctions but also due to the domestic tensions, which could take a long time to resolve. Iran's oil production has never recovered to pre-revolutionary levels and it now looks increasingly doubtful that the country will be able to achieve its output growth targets.Tom Wallin, New York

**********************************************************

From energyintel.com, it deftly puts the Iran issue into perspective. I always appreciate these guys' balanced but insightful commentary.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News