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Re: oilfieldmafia post# 4024

Wednesday, 01/13/2016 9:26:45 AM

Wednesday, January 13, 2016 9:26:45 AM

Post# of 13692
I get all that....prolly more on the supply side than the demand side. Thank you for sharing.
Now we are going to have readily available oil from Iran hitting the market in the next few weeks providing the inspection findings fall in the line with the nuclear agreement. I also just heard that the GOM oil supply is expected to be flat this year in oil production due to a Chevron and Shell major oil field coming on line soon; the GOM supply has been declining for years so this is an increase in supply for the GOM. Another factor, albeit small, to the supply glut. GLTY.

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