FastSaying
There (would) be demonstrations in (Iranian) streets calling for the government to cut off oil exports.
A. F. Alhajji
Government
Oil
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If we look at Hurricane Ivan (which hit the Gulf in 2004), oil prices continued to go up for more than a month. Companies continued to work on their facilities but there were always delays restoring production.
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I think within a couple of weeks, (gas) prices will revert to pre-Katrina levels. But I also believe oil prices will go up again.
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Iran is the only major oil-producing country that still has a budget deficit. History tells us since the Iranian revolution, they always talk about cutting production, but they've never cut it.
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OPEC became powerless the moment it sold its last barrel of excess capacity, and that was maybe a year ago.
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When we are going at 4 percent, it's difficult to fall all the way back to contraction. But we could definitely end up having slower growth.
— A. F. Alhajji
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