You write off Iran at your peril. They're perfectly capable of turning round and doing something unexpected.
More Quotes from Bruce Evers:
It is amazing. I still don't see where the inflection point is - the point where (oil) prices start to affect demand and growth. Maybe in two months' time we will start to see the impact.Bruce Evers
If they think there is oil and gas there then they absolutely can't ignore it. If there is going to be an Arctic Klondike rush then they will want to be there along with every other Tom, Dick and Harry. They can't afford to sit and watch the others explore and come up with some huge discoveries.
Bruce Evers
World producers need to bring another 1 12 million barrels per day on line every year to meet rising demand. So even a minor supply disruption is going to have a disproportionate impact on oil prices.
Bruce Evers
If (UN) sanctions were to be imposed on Iran, the president is perfectly capable of cutting back or stopping exports to cause the West real pain as there would be an enormous spike in prices.
Bruce Evers
The weather is very mild in the US so the builds in stocks are not a huge surprise.
Bruce Evers
If they cut, it will send the wrong signal to the market and send prices up a couple of dollars.
Bruce Evers
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