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Post# of 41155
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napling02

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napling02

Re: balamidas post# 13224

Tuesday, 07/07/2015 10:35:20 AM

Tuesday, July 07, 2015 10:35:20 AM

Post# of 41155
Only thing IRAN has is 30,000,000 million barrels in floating storage. Which they will probably sell 500,000 barrels per day over a 60 day span. They aren't dumb and they don't want to crash the market either.

I think they can only increase their daily production by about 1,200,000 million barrels. It will take them 18-24 months to modernize their oil fields with new technology.
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