Excellent points and as well the deal needs to pass congress first and congress has 60 days. And the bulk of Iranian oil won't hit the market till 2016 if the nuke deal is actually passed.
Any oil added to the supply anywhere makes the oil we do import cheaper. And it is, and that's why the refiners are doing great. Look at the five-year chart, stop freaking out day by day ;)
The US does not import Iranian crude and the US does not export domestic crude only refined products.
Another point, most all Iranian crude that is in current storage has very high sulfur content which us useless to most refineries.
wonder what the nuke deal may have on WNR? Just caught a glimpse of a comment about acquisition of IRANIAN OIL? Oh well guess, regardless it still has to be "refined" NOR ANY THOUGHTS ON THIS? Was / Is this a $ 60. Dol stock?
Guess it's at least "good to be remembered" !!!' Hoping your fourth was a good and safe one!!! Funny foot note about the fourth ... I was in the republic of SVN right now in 1967???? Your comments about the future of WNR... hopefully one of these days I will get it together as to HOW to be a bit more successful in my TRADES... Great to hear you have some warmer weather ... Except being from there it must be something you are used to..... I have noticed Henry still here with his anger...:( is still present and well..,lol... The 50's ??? Huh??? That sounds impressive!!!!!' You have great success on your trades!!! Dave the novice:)