Breakdown 1. Iran will add to oil glut 500,000 per day. 2. Approx. 90 Oil companies are already in debt default to keep rigs running and banks will . not bail them out. 3. Saudi Arabia, Iraq and Iran can produce a barrel of oil between $10.00 to $ 20.00 a barrel. 4. Saudi Arabia Alone produces 10.19 million barrels a month and can sell it for $25. 5. And the list goes on believe what you want but all red flags ....look it up
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