I heard on the news today that Iran has imposed gas rationing on its citizens today. Iran is the second largest oil producing country in the world, but does not have the refining capacity to meet its own needs. They import 40% of the fuel they consume. The government did this because they expect UN sanctions to cut off their fuel supply.
If this were to happen, The supply of oil would go down and prices would certainly go up.
The US imports most of its oil from Canada. Would this event make Long CAD/USD look good?
If this event does happen, there will probably be some sort of "food for oil" program. I don't see the nations of the world cutting off the blood supply that
their economies live on.
Chris
If this were to happen, The supply of oil would go down and prices would certainly go up.
The US imports most of its oil from Canada. Would this event make Long CAD/USD look good?
If this event does happen, there will probably be some sort of "food for oil" program. I don't see the nations of the world cutting off the blood supply that
their economies live on.
Chris