Oil can drop to 20 dollars per barrel soon.

The sanction on Iran have been lifted and the oil market is heading down it seems to much of the pleasure of the many oil consumers.. I personally know we can do better then oil, alternate energies such as solar, wind can provide energy source as well being eco friendly. The saudi's aren't too pleased with this since Iran can now sell it's oil to other countries, thus making more oil available in the market for consumers to use and buy.

The impact may be felt widely when crude begins trading in Asian markets Monday, but the return of Iran to global energy markets created tremors even before the first trade was made. Saudi Arabia's stock market plunged more than 5 percent Sunday. Saudi Arabia is the biggest oil producer within OPEC, the oil cartel with waning influence to which Iran also belongs. Saturday was dubbed Implementation Day, when Iran was freed from international sanctions after being deemed as having dismantled most of its nuclear program under the deal established last summer. "Implementation Day for the nuclear agreement means a new oil day for Iran," Daniel Yergin, vice chairman of research firm IHS and author of a Pulitzer Prize-winning book on the history of oil, said Sunday. The oil market has anticipated the unchained tide of Iranian oil for months, and some of that may be reflected in new lows for oil prices in the past week. U.S. crude oil prices have trended down for a year and a half, and have fallen almost 40 percent in just the past three months. On Friday, the price slid 6 percent to $29.42 a barrel. That compares with a high of over $100 a barrel in the summer of 2014, and close to $150 per barrel before the U.S. recession http://abcnews.go.com/US/wireStory/wave-iranian-oil-imminent-shudder-saudi-arabia-36348659

It is also reported that it can drop down even to 20 dollars per barrel. But already we are hearing of war talks between the two sides. Recent beheding of a few shia scholars have lead to tensions between the two nations. It's to no benefit to either side people to get involved in war, war is for the rulers and not for the people..