On this front, Iran announced today that they plan on doubling production by next year. With the new pact, they are allowed to sell to only 6 countries, can´t remember the whole list, but India and China were the two that came to mind. The reason is that they are major buyers of Russian oil. This could result in another round of pain for Russia. We are also starting to see more banks predicting sub-20 prices within the year. Next weekend, I am going to do some digging on UPS and Fedex and see how this could help them.