Someone posted an interesting idea re: Iran deal. If Obama gets his deal with Iran, that would tend to put a lot more oil in the market place. Lower oil prices help Obama quite a bit, reduced fracking, reduced anger..........the only industry it hurts it seems is the oil industry support companies..........at least the ones here in the US......lower oil also continues to put a bite on Putin........
US 75.00/barrel will have few ripple effects. Anything under 90.00 will be easily swallowed. Not long ago (in the overall scheme of things) it was in triple digits. The only major negative impact will be on those governments that are considering raising petrol taxes given low prices at the pumps. The two countries hurt most by any significant increase will be China and India...or almost half the world's consumers.
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