Bart Melek Quotes
If this situation spins out of control and Iran is placed under a sanctions regime or is forcibly made to end its nuclear program, we expect oil prices to surge to new highs.
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Situation | Spins | Control | Iran | Sanctions |
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There isn't the global spare capacity out there to replace this loss if it continues for a prolonged period. Already the market is tight as a drum, and if anything else happens, say instability in the Middle East, I wouldn't preclude $100 oil at all.
- Bart Melek
