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2015-12-27 Syria-Lebanon-Iran

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Posted by Steve White 2015-12-27 00:00|| || Front Page|| [13 views ] Top
File under: Govt of Iran

#1 ...Given the Inshallah attitude of Iranian technology, you gotta believe that under $30 means they're losing money on every barrel.

Popcorn, anyone?

Mike

Posted by Mike Kozlowski 2015-12-27 10:30|| 2015-12-27 10:30|| Front Page Top

#2 Meh who cares, money from home on the way.

Posted by Shipman 2015-12-27 10:37|| 2015-12-27 10:37|| Front Page Top

#3 Meh who cares, money from ~~home~~ China on the way.

Posted by Pappy 2015-12-27 12:21|| 2015-12-27 12:21|| Front Page Top

#4 According to this Yahoo Finance article from October, Iran's production costs currently average $15/barrel. The break-even cost to open a new field would be $30/bbl once sanctions are removed. The problem is, the best price at which to run the country and foreign ventures as the Mad Mullahs would like is about $136/bbl, as I understand it -- the $100/bbl budget mentioned in the article was from the revised budget when the price dropped from peak (input from those who know more about this would be greatly appreciated!). The government will no doubt raise domestic oil and natural gas prices again, also no doubt to a chorus of dismayed shrieks from the populace, but that will just be moving spending from one category to another.

Posted by trailing wife 2015-12-27 15:50|| 2015-12-27 15:50|| Front Page Top

#5 "Popcorn, anyone?"

I'll order an extra boxcar-load, #1 Mike. :-D

Posted by Barbara 2015-12-27 18:40|| 2015-12-27 18:40|| Front Page Top

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