On the flip side, the Democrat's policies on climate change — including re-entering the Paris Climate Accord — could be "bearish" for demand over the long run, he said.
Fyfe also said that his base case is for a "steady recovery" in oil, and that prices could return to the $50 to $55 range by late 2021.Leonard Ortiz | MediaNews Group | Orange County Register | Getty Images SINGAPORE — A Biden presidency could bring 1 million barrels per day of Iranian oil back into the market, but lead to lower demand in the long run, an economist said this week.is likely to reestablish relations with Tehran if he is elected, but introduce environmental policies that limit U.S. oil and gas, said David Fyfe of Argus Media.
"Arguably, a Biden presidency would move fairly rapidly toward some sort of rapprochement with Iran," he told CNBC's"That of course could lead to maybe up to a million barrels a day of Iranian oil coming back onto the market," he said. "It might not happen immediately, but you could see that happening within the sort of first six months of a Biden presidency."which has seen heavy economic sanctions imposed on the Islamic Republic, including on its oil exports.
are you guys nuts? he and his left will stop fracking
Oil is the long short of this decade full stop
Wtf is CNBC turning into? That’s where I use to get my financial news and updates. I’m running out of news worthy places to go to to get non partisan agendas.
Remember, Joe Biden said he was going to “shut down all fracking on day one” of his Presidency. 👎🤬
A bit too early to talk about Biden. Likely he will go to senior center first.
how a Biden presidency would lead to renewable energy economy and save the damn planet
So.... best case is a lot of US based jobs in oil and gas will be gone within 180 days and he will make Iran a player in the oil market again. Then crush us with Green New Deal crap later..... sounds great.
Democrat propaganda from a DNC mouthpiece. Listen to Biden instead:
And a crashed stock market
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Lmao who writes these ridiculous articles
FAKE NEWS! It's clear our president trump has done just that already!