The little guys aka your domestic oil and gas employees take a brutal hit the lower and lower these gas prices will fall.
This is why I have my GulfLand license to work overseas, because inevitable deals like this just continue to eliminate related-field jobs in America, I guess essentially like the way the steel industry went.
It will come down to the point where the majority of drilling in America will be obsolete.
Two way street at the end of the day. If one wants to stay in the oil and field industry (non-corporate) GO OFFSHORE!
Ya you know, I don't see how anybody could be that naïve to possibly think gas prices would drop lower than two dollars due to this deal.
While price fixing might be illegal, there is nothing saying that any kind of conflict, or "conflict" in the middle east is wrong. Insert the C word at anytime and gas prices will raise and/or stabilize.
If you dig deep enough you'll see that the majority of oil consumed by the US is brought in overseas whether by exporting or offshore drilling. Domestic drilling on the continent itself--outside of exporting--is really just the oil companies throwing a bone to your little man by keeping job opportunities open, keeping the "American" label on a company and gaining the trust and support of the country.
If they shut down every rig in the US right now, the only affect you would notice to this country would be in the dept. of exports and unemployment rate; so this Iran deal does nothing but tighten the Ziploc bag even more on domestic drilling, suffocating it to the point where the soon to be asked question of 'why exactly these oil companies continue to drill landside' comes front and center.
Your gas prices aren't dropping anywhere at anytime due to this deal. In fact the only thing that fluctuates in this case is the unemployment rate, and that will go up.
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