Since oil hit 29 dollars a barrel and some change recently likely we could see oil now go below 20 dollars a barrel now. Even if it hits 10 dollars a barrel no one can afford to pump and ship oil for that not even the Saudis for very long.
Iranian oil likely to push prices lower
| USA TODAY | - |
When
it comes to oil, the question becomes how low can prices go. And with
Iran back as a full player in world oil markets, the previously
unthinkable -- sub-$20 a barrel crude -- is looking all the more
possible.
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