find8, look perhaps its me, but I just find there is a lot of hocus pocus or wishfull thinking in that reasoning all constructed on the bias of wanting a high price of oil regardless.
The Oil market sucessfully cleared a prices more then 50% lower then present only two years ago. Supply has been able to match demand the whole way through, OPEC has done their job.
The only thing that changed from then to recent times, was a overwhelming barrage of speculative and investment purchases. And therein is a simple answer to the situation.
As for the price of fuel for each country, some will be far better off, others not so well off. But with a 25% fall in the price of Oil the only country not better off by a significant margin would be Zimbabwe.
And if the price of Oil falls another 50% then nearly every country is going to be drastically better off, its simple maths.
Perhaps saying everyone will be drastically better off is incorrect, perhaps I should say, everyone will be receiving prices aligned to hard supply and demand.
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