The oil and gas markets are reacting to Iran coming back into the market. The lifting of sanctions opens up the big markets for them to sale oil. Crude prices have dropped today. The oil stocks are seeing a down day. They could bring their oil back into the market at a much lower price and really have a major impact on the price world wide.
The deal may contribute to a drop in Brent oil prices to $90 by the end of next year and to $70 by the end of 2020.
There is a good article about this impact at Market Watch under
"Nymex oil below $94, Brent drops after Iran deal Analyst forecasts Brent crude to drop to $90 by end of 2014.
I don't know what to make of it since AP @5:45 EST 11/25/13 reports:
The preliminary agreement reached in Geneva Sunday between Iran and the U.S., Britain, France, Russia, China and Germany over Iran's nuclear program does not allow Iran to increase oil exports. But by relaxing some financial restrictions the agreement does make it easier for Iran to sell the oil it is permitted to.
"The oil and gas markets are reacting to Iran coming back into the market."
Tic, tic, tic...
The incompetence and naivety of the dynamic duo Kerry / Obama is weapons-class stunning, to say the least.
What will be the reaction when Israel / Netanyahu hit their point of no return, and they do "whatever it takes" to make sure Iran doesn't get the tool that they have publicly declared they will use to "wipe Israel off the face of the map"?
Israel won't, they CAN'T, 'wait and see' how serious things might get, should the irrational imams of Iran get the tool. Israel will not, CANNOT, afford to take the first hit; when they see the need to act, stand clear. They're in a poker game where they cannot bluff. They have their targets designated, the weapons they will use, the whole Op Order is written out. In detail. Gives a whole new meaning to their mantra of 'never again'. N'est-ce pas?
When they do hit, it's gonna be into the biggest fan going.