Why Are Oil Markets So Short Sighted?

Other than the occasional headline, the Iran embargo is a distant memory.  And oil markets seemed to forget that an increasing oil reserve is a direct result of preparing for such an embargo.  Just…


With Iran Offline, Oil Could Jump 30%

Despite our massive emergency oil reserves (see here), the IMF estimates a halt in Iran crude could produce a rather dramatic effect in the price of oil: "If Iran halts exports to countries without…


The Ban on Iran: Tehran continues with threats

As promised, the European Union followed through with their promise to ban all oil imports from Iran today in an effort to halt the country's nuclear development program.  The halt on oil was…