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tomm2thumbs

(13,297 posts)

11. Oil Prices Tumbling on News --

Tue Jul 14, 2015, 03:43 AM

Jul 2015

https://ca.finance.yahoo.com/news/oil-prices-tumble-iran-global-073408210.html

Any wonder why the GOP doesn't want to see this kind of thing happen??

Front-month Brent crude futures dropped over 2 percent and more than a dollar to $56.66 a barrel by 0637 GMT. U.S. crude was trading down $1.21 at $50.99 per barrel.

"Sanctions have crippled Iran's oil production, halving oil exports and severely limiting new development projects. The prospect of them being lifted is creating great excitement ... as foreign trade and investment will allow Iran to make huge efficiencies and drive down the cost of production," said Sarosh Zaiwalla, a London-based sanctions lawyer.

Yet analysts say it would take Iran many months to fully ramp up its export capacity following any easing of sanctions. But even a modest initial increase would be enough to pull international oil prices down further as the market is already producing around 2.5 million barrels per day above demand.

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Historic Nuclear Deal Reached With Iran [View all] tomm2thumbs Jul 2015 OP

Thank you, t2t.. Mahalo SOS Kerry and President Obama! Cha Jul 2015 #1

Bravo, Sec. Kerry and Pres. Obama n/t MBS Jul 2015 #2

Page not found - need to add "tml" to the end of the url bananas Jul 2015 #3

thanks, apparently too long -- will include link in commentary tomm2thumbs Jul 2015 #4

Well done BrotherIvan Jul 2015 #5

This is incredible karynnj Jul 2015 #6

If it pans out, Obama deserves ANOTHER Nobel Peace Prize. True Blue Door Jul 2015 #7

Hell, give him another term... Drunken Irishman Jul 2015 #18

Gettin' shite done. Cha Jul 2015 #23

God, don't I wish Hekate Jul 2015 #24

Kerry really appeared to be a reasonable participant in this, expectations, etc tomm2thumbs Jul 2015 #48

Hell yes (nt) Recursion Jul 2015 #8

WAPo article eridani Jul 2015 #9

Seems like the 'Obama second term blues' are speeding through the galaxy, en route to Pluto & beyond tomm2thumbs Jul 2015 #10

Gives Lame Duck a whole new meaning, don't it? roflmao Hekate Jul 2015 #27

Gives 'Lame Republican Presidents' a whole new meaning as well tomm2thumbs Jul 2015 #32

Oil Prices Tumbling on News -- tomm2thumbs Jul 2015 #11

The world is full of easy crude & technology to drill. For to long the industry has price-set. Sunlei Jul 2015 #42

Historical convergence? The FRENCH REVOLUTION began on this very day - 14 juillet 1789... Surya Gayatri Jul 2015 #12

Now that's cool. SleeplessinSoCal Jul 2015 #25

N'est-ce pas? Think they planned it this way? Surya Gayatri Jul 2015 #30

je ne sais pas. SleeplessinSoCal Jul 2015 #33

Bonne fête nationale mon amie!! cosmicone Jul 2015 #49

Merci mon ami ! Il fait beau, plus ou moins - et c'est une journée rémarquable ! Surya Gayatri Jul 2015 #52

Mais bien sûr !! n/t cosmicone Jul 2015 #57

Post removed Post removed Jul 2015 #13

K & R SunSeeker Jul 2015 #14

These are fantastic news MissHoneychurch Jul 2015 #15

K&R BumRushDaShow Jul 2015 #16

Republicans will be furious! left-of-center2012 Jul 2015 #17

That list of his? Rhymes with bucket! And the list is getting shorter every day. nt Hekate Jul 2015 #29

Good day for america and the world Cosmocat Jul 2015 #40

Let's hope that one or more pops a gasket - on CNN! erronis Jul 2015 #75

i know a lot of people from there and they say sanctions have really hurt their country JI7 Jul 2015 #19

Harsh words... HARSH words out of Israel (CNN just now). lamp_shade Jul 2015 #20

Bibi and his far right wing base doesn't speak for all Israelis... CTyankee Jul 2015 #47

Obama said he would do it, and he did--like so much else. If it was up to Dubya, McCain... Hekate Jul 2015 #21

Kerry needs to stay on as SOS if the dems win in 2016. craigmatic Jul 2015 #22

A hundred times do I AGREE! mylye2222 Jul 2015 #26

You're probably right. I bet she gets rid of at least 60% of the current cabinet. I'd like to craigmatic Jul 2015 #28

A new president is entitled to 100% new Cabinet members and they always do so.... Hekate Jul 2015 #31

That wasn't true with the secretary of state in the past. Wasn't it Kissinger underthematrix Jul 2015 #34

Kissinger was certainly never SoS for BlueMTexpat Jul 2015 #36

He still has a lot more that he will do in the next 17 months karynnj Jul 2015 #41

This is for real? Realy? BeanMusical Jul 2015 #35

This message was self-deleted by its author tomm2thumbs Jul 2015 #37

POTUS delivered statement on Iran at 7am EST tomm2thumbs Jul 2015 #38

Right in the ballpark of a historical significant test OakCliffDem Jul 2015 #39

To use Joe Biden's terminology, this is a BFD Gothmog Jul 2015 #43

I see no mention of unrestricted inspections of military facilities 7962 Jul 2015 #44

Obama has gone out on a limb on this one davidn3600 Jul 2015 #45

where did you get those talking points? nt geek tragedy Jul 2015 #51

yair lapid said something along those lines Mosby Jul 2015 #64

LOL Cali_Democrat Jul 2015 #77

I don't dislike a peace deal. davidn3600 Jul 2015 #78

You fully expect Iran to break the deal? Cali_Democrat Jul 2015 #79

Like I said... davidn3600 Jul 2015 #81

Iran has the right to nuclear power and nuclear weapons. Darb Jul 2015 #46

You have a funny definition of "rights"! 7962 Jul 2015 #54

Does Israel have the "right" to nuclear power or weapons? Darb Jul 2015 #72

Israel bombs their own cities? Guess I missed that 7962 Jul 2015 #85

no they don't, they signed the NPT Mosby Jul 2015 #65

So did Pakistan and India. What happened to them? (nt) jeff47 Jul 2015 #71

Neither India or Pakistan have signed the NPT. Mosby Jul 2015 #80

Sure they do. Darb Jul 2015 #73

They do have a right to enrich uranium for peaceful purposes. roamer65 Jul 2015 #68

If their use was for peaceful purposes. Its not. 7962 Jul 2015 #86

so you think the next President won't be as tough on Iran as Obama has been? geek tragedy Jul 2015 #50

Oh if its Hillary, I'm afraid she WILL be tougher 7962 Jul 2015 #60

inspections DustyJoe Jul 2015 #53

Exactly. 7962 Jul 2015 #55

How did it go? blm Jul 2015 #58

It 'went' with Saddam losing all his working WMD muriel_volestrangler Jul 2015 #62

you remember that Saddam didn't have WMDs under that inspection regime, right? nt geek tragedy Jul 2015 #66

LOL - RW Talking Points. blm Jul 2015 #56

So then they ARE mentioned? Care to show us where? 7962 Jul 2015 #59

LOL - You fawn over RW talking points all the time. LOLOLOL blm Jul 2015 #61

You must have a parrot. "RW talking points, RW talking points!" 7962 Jul 2015 #63

Read the agreement, genius. Or will you await Lindsey Graham's insightful analysis? blm Jul 2015 #69

Yes, I read where the Iranians get 24 DAYS notice before inspections. 7962 Jul 2015 #84

LOLOL - What a clueless reply. Lindsey Graham think it up for you? blm Jul 2015 #87

Yet you STILL only have insults. No answers. Typical! 7962 Jul 2015 #88

LOL - Like you give a flying flock. Funny how you always manage to side with blm Jul 2015 #89

Cheney? Ha! The man who put us into Iraq with his lies? Despise him. 7962 Jul 2015 #90

LOL - Nope - you couldn't POSSIBLY know me. blm Jul 2015 #91

Nuttyyahoo is already bitching about it. roamer65 Jul 2015 #67

K & R, and kudos to President Obama and Sec of State Kerry. historylovr Jul 2015 #70

Amazing the kind of news that happens just after midnight tomm2thumbs Jul 2015 #74

Yes, but what has Obama ever actually ACCOMPLISHED? PBass Jul 2015 #76

Good news! LeftishBrit Jul 2015 #82

What a profound, historic day. Thank you Mr President and and you Secretary Kerry. myrna minx Jul 2015 #83