Why Are Oil Markets So Short Sighted?
Other than the occasional headline, the Iran embargo is a distant memory. And oil markets seemed to forget that an increasing oil reserve is a direct result of preparing for such an embargo. Just…
With Iran Offline, Oil Could Jump 30%
Despite our massive emergency oil reserves (see here), the IMF estimates a halt in Iran crude could produce a rather dramatic effect in the price of oil: "If Iran halts exports to countries without…
As promised, the…