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Speculation that nations are stockpiling oil at the fastest rate in 14 years is fanning...

Speculation that nations are stockpiling oil at the fastest rate in 14 years is fanning expectations for Brent crude to drop below $100/barrel. “We will probably see more Iranian oil lifted or leaked while OPEC continues to produce more than is demanded," Citi's Ed Morse says. "If China remains sluggish, oil could drop to the low $90s and even fall into the $80s.”
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Comments (8)
  • robgra
    , contributor
    Comments (447) | Send Message
     
    Why would you stockpile oil if you expect prices to drop and supply to rise? I suspect that the stockpile is motivated by fear of a big supply interruption/price rise in the mid term, and stockpiling now is driven by the desire to take advantage of current (and short term lower) prices...
    9 Aug 2012, 12:23 PM Reply Like
  • torahislife
    , contributor
    Comments (400) | Send Message
     
    Govt. prepping. Most citizens have no clue how the coming war with Iran will ruin more than just their portfolios.
    9 Aug 2012, 12:28 PM Reply Like
  • wigit5
    , contributor
    Comments (4214) | Send Message
     
    Yup, this would lead me to believe that talks with Iran are not going well and the future is more or less headed to military action against them... Unfortunately.
    9 Aug 2012, 12:42 PM Reply Like
  • torahislife
    , contributor
    Comments (400) | Send Message
     
    Guaranteed. Iran has been very candid over the past 30 years: the Great Satan (USA) & Little Satan (Israel) must be destroyed before Islamic Mahdi comes. Really doesnt matter what the USA wants...
    9 Aug 2012, 01:00 PM Reply Like
  • wigit5
    , contributor
    Comments (4214) | Send Message
     
    lol

     

    It's that sort of extremism that got us here in the first place but to each their own!

     

    It would be interesting if everything worked out though, Iran's oil would hit the markets and oil prices would tank. We might see 2$/gal gas again.

     

    Sidenote: If there is a war it will most likely be the world vs Iran in which case Iran has no hopes of winning... The US isn't going to risk a solo campaign given the state of world affairs (see: Syria)
    9 Aug 2012, 01:05 PM Reply Like
  • torahislife
    , contributor
    Comments (400) | Send Message
     
    Iran isn't fighting to win - just wants to mortally wound USA. Not everyone thinks like us. We call it "extreme", others embrace martydom as the highest purpose in life. And that keeps US government up at night.
    9 Aug 2012, 01:40 PM Reply Like
  • into dark shadows
    , contributor
    Comments (381) | Send Message
     
    If it weren't for Bubble Blowin Ben, and his putrid QE Stun gun, oil would be in the $50's!
    The demand destruction has been legion and if it weren't for the scuzball H.F.T. and Algro's feasting on the working man / woman's misery and Bernankes lack of financial morality, we would have an entirely different outcome!

     

    Not to mention the socialist policies and total abdication of any sense of constitutional responsibilities to the republic from the 2 year campaigner in chief!

     

    Let us not fail at the epic challenges we face this November because we chose to sit down!

     

    God Bless The Virtuous
    9 Aug 2012, 12:41 PM Reply Like
  • Glenn Doty
    , contributor
    Comments (1116) | Send Message
     
    There's no reason to anticipate war. National inventories have been hammered since the Arab Spring, and this is finally an opportunity to refill the tank.

     

    This also could have been a stipulation that had to be part of the contract to bring the rest of OPEC on board.

     

    The only solid takeaway here is that the market is oversupplied even without Iranian crude - which means there's no reason for the world to go to war. Iran will bend or they will break, but the sanctions are hurting them while the rest of the world is not forced to sacrifice.

     

    http://seekingalpha.co...

     

    This is foregone, and its successful. No war, no 3 trillion dollar sap to our national coffers, no harm to our soldiers... We can wait them out while they are being crushed.
    9 Aug 2012, 01:49 PM Reply Like
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