CLCV1 News & Analysis
As Rivals Compete to Tap Oil Profits, Iran Quietly Neutered
19 Jul 2012 EDT - CNBC.com
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If you’re trying to determine what’s next for oil prices, there’s something you should know that very few people are talking about. Despite tensions in the MidEast, oil may not go a lot higher, even if the situation escalates.That’s in part because Iran is being quietly but effectively neutered by a region in the MidEast called Fujairah. They just opened a new pipeline that could be a game changer.
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