every consumer worldwide benefits from cheaper OIL .. its like a tax CUTfor consumers and industries.
Australia produces 15% of its Oil supplies .. we still imports 85% ..so lower oil prices are good for Oz economy and spending power ..watch fuel at pumps fall UNDER 1.00 litre soon
Europe, Japan , Asia , China , Africa , Indonesia , some Arab states still Import Majority of their Oil ..
so benifit too from lower oil .
USA Economy will Win ..Win either way .. lower OIL prices help Boost consumer spending power ..
while dampening the shale boom revolution to a slower growth ..it will still be there like a guard dog on rising oil prices ..
The Arabs are Stuck with low OIL prices for longer now.. .. lower for longer .. a stalemate on prices.
they can try to force the USA revolution to its knees by forcing oil prices down .. but they cannot kill it (oil Shale) .. they can just send it into Slumber ..like a sleeping bear on prices ..Unless the Arabs reverse their mentality and cut supply to lift margins ...they must learn to share the OIL producer Stage + its customers with the USA now ..50/50
anyways lower OIl prices is good for World industrial +Consumer spending Growth + its GDP as it lowers Capex + opex
its good for retailers servicing the Consumer everywhere... its like a Tax cut for everyone.
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