"HOUSTON — The nuclear agreement with Iran opens the way for a flood of new oil eventually to pour onto world markets, setting up a potential windfall for energy giants. But it will take a year or more before Iran can increase production significantly, delaying any impact on oil prices.
'It’s not just a matter of turning on the taps again,' said Andrew Slaughter, executive director of the Deloitte Center for Energy Solutions. 'They will need some investments and technology.'"
Clifford Krauss reports for the New York Times July 14, 2015.
Source: NY Times, 07/15/2015
