Three good articles on the oil market.    (found at the always good Naked Capitalism)

Opec has failed to stop US shale revolution admits energy watchdog

Why crude oil prices keep defying all predictions


Who Will Be Left Standing At The End Of The Oil War

which includes this.....
...though Iranian officials say they will eventually be able to produce for as low as $1 per barrel from their central fields.
Which might explain why a lot of people didn't want the sanctions on Iran lifted.

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