Phil Flynn on If Gas Prices Can Drop Like a Rock Amid Signed Deal with Iran: ‘I Think It Could’
‘People don’t realize the threat that Iran posed to the global oil market for 47 years, it added to the cost of gasoline’
RUSH EXCERPT:
FLYNN: "I think it could. In fact, this could really issue in a new era of lower prices. People don’t realize the threat that Iran posed to the global oil market for 47 years. It added to the cost of gasoline and diesel, mainly because they were a threat. Insurance rates, you name it terror threats, wars. That all added to the cost of oil. Hoping it will happen that Iran will give up huge threat from the region. Giving neighbors a hard time. We could see prices stay low for a very long period of time."
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