RE: Just heard on the radio that the sanctions on Iran have bee
I think the exact opposite will happen. With millions of barrels of Iranian oil ready to hit the world markets the last thing the Saudis want is to increase the price of oil. They hate the Iranians and will do whatever it takes to limit their ability to profit from Iranian oil sales. I am afraid we are in for quite a price war between Shiite and Suni Moslems using oil prices. Keeping lots of cash ready as I think we will probably go down to the low 20's for the price of oil and looking to buy Energy Equities at that time. The only thing I think that might offset these low oil prices is if the US goes into recession and the US dollar tanks. Also a possibility. Its never easy, is it. good luck to all edmed