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Analyst Art Berman stated that millions of barrels of Persian Gulf oil production remain shut in and restoring those wells is far more complicated than simply reopening the Strait of Hormuz.
reported by one outlet so far · Attributed statement · first recorded Aug 23, 11:30 AM
How each outlet reported it
Fox NewsRight · Aug 23, 11:01 AM
Millions of barrels of Persian Gulf oil production remain shut in and restoring those wells is far more complicated than simply reopening the strategic waterway.
Cites: Art Berman · Details: petroleum geologist; more than four decades of industry experience
Fox NewsRight · Aug 23, 11:01 AM
Restarting a well is not like turning on a switch and is a complicated, high-risk, relatively long-term process.
Cites: Art Berman