SHARE THIS ARTICLE

If approved, the historic nuclear deal with Iran could be a boon for U.

S. consumers and a bust for environmentalists.
 

The deal, which would place strict limitations on Iran's nuclear program in exchange for relief from economic sanctions, must now get the green light from U.S. Congress. But as Iran, the country with the world's fourth-largest oil reserves and second-biggest gas fields, revs up its output, analysts expect the cheap prices that defined 2015 to extend "well into 2016."

 

"This is good news for consumers, and bad news for people trying to promote non-fossil fuel alternatives or renewables," Tom Kloza, global head of energy analysis at the Oil Price Information Service, told The Huffington Post on Tuesday. "It means fossil fuels will remain cheap, and that inhibits some efforts to reduce carbon."



Read Article


Iranian Nuclear Deal Clears The Way For $2 A Gallon Gas - Was It Worth It?

About the Author

Agent009

User Comments

nguyenvuminh
Car4Life
MDarringer
leej
USNA1999
Car4Life
Terry989
nguyenvuminh
TheSteve
TomM
CarCrazedinCali
randy3023
Yonder7
ImFarRightAndYoureWrong
w222
ImFarRightAndYoureWrong

Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img]http://agent001.myautospies.com/images/sample.jpg[/img]