Somewhat(?) on topic - Iran and Oil Prices

[Slappy]

Maybe a case where everyone is right, at least a little.

I don't at all believe that Iran will be in a position to run a functioning nuclear program under the current deal. That ain't happening. But they will have access to more funds to create at least the amount of conventional mischief they have been causing, maybe a lot more.

But Iranian crude production has to depress world prices, at least on the margin. And that isn't good for the Saudis at all. That said, it's the Saudi's reckless crusade to drive US frackers out of production and China fears that have oil prices where they are. With all the shit currently going down in the mideast, there is no excuse for fundamental oil prices to be below $60/bbl, which just about balances the Saudi budget.