Enjoy it while it lasts ...........
Unlike other and previous "Oil Surpluses" which were due to general market collapses, this one is being engineered by OPEC.
For them to deliberately create a surplus and crash the price of oil, they must have a reason ......... they don't throw away money for nothing.
Analysts are pointing at Fracking as being the new energy source - strangely enough 60 USD a barrel puts Frackers out of business.
Its a pay now or pay later scenario, the world cannot afford cheap oil ....... strange as it seems, cheap oil stops them drilling ..... without continuous drilling and well developments, the oil supply will fall dramatically in just 6 months ...... when that happens, the price goes through the roof.
Remember, the gas that goes in your car is just a small portion of where oil goes ....... plastics, composites .... just about ever modern material we use comes from oil.
So like I say ...... enjoy it while it lasts ........ when OPEC has achieved what they wanted, they will turn the screws back on
