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The Water Cooler
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Oil Price Per BBL
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<blockquote data-quote="SoonerP226" data-source="post: 2670133" data-attributes="member: 26737"><p>The dynamics of the region are more complex than them vs us--they might also be trying to destabilize Iran. Iran is a significant producer but has no (significant) refining capacity, so a cut in crude will hurt them, but they have to import almost all of their refined fuels, so the drop in fuel prices won't help offset the loss.</p></blockquote><p></p>
[QUOTE="SoonerP226, post: 2670133, member: 26737"] The dynamics of the region are more complex than them vs us--they might also be trying to destabilize Iran. Iran is a significant producer but has no (significant) refining capacity, so a cut in crude will hurt them, but they have to import almost all of their refined fuels, so the drop in fuel prices won't help offset the loss. [/QUOTE]
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