Hunter55
Well-known member
From the beginning of this conflict I maintained that UNLESS there was a regime change, there wasn’t a lot to come from this other than the destruction of the nuclear facility.
The oil and gas problem in Iran is a temporary problem, all crisis create opportunity. At the moment and near future Iran is holding all the cards regarding oil and the Strait of Hormuz. They can enjoy their new found power of holding the world hostage on oil but it will be a VERY short lived 15 minutes of fame.
Iran has shown the entire world the NEED to drill for oil and gas outside of this region and that’s exactly what will happen, “drill Baby drill”. World markets and the NEED for petro will drive “new” oil production through the roof. Every drilling contractor, oil and gas producer will be drilling.
For the moment Iran has screwed the world and in the long term, Iran has screwed themselves and their neighbors. Neighboring oil rich countries best wake from their slumber! Their oil based economies will slowly crumble; the world will find oil and gas elsewhere.
The oil and gas problem in Iran is a temporary problem, all crisis create opportunity. At the moment and near future Iran is holding all the cards regarding oil and the Strait of Hormuz. They can enjoy their new found power of holding the world hostage on oil but it will be a VERY short lived 15 minutes of fame.
Iran has shown the entire world the NEED to drill for oil and gas outside of this region and that’s exactly what will happen, “drill Baby drill”. World markets and the NEED for petro will drive “new” oil production through the roof. Every drilling contractor, oil and gas producer will be drilling.
For the moment Iran has screwed the world and in the long term, Iran has screwed themselves and their neighbors. Neighboring oil rich countries best wake from their slumber! Their oil based economies will slowly crumble; the world will find oil and gas elsewhere.