cynic69

In Light of Peak Oil, Financial Diversification Is a Bad Idea

I think the high price of oil is going to throw the world economy into recession. The price of oil and oil stocks are going to recede at that point.

What's Really Behind This Oil Price Crash?

My uderstanding is that Iran has some long term contracts (at lower prices) with China that prevents them from benefiting from past increases in oil prices. If thats the case Iran may not be suffering (anymore than they are already suffering) because of falling oil prices.