Straylambs
IMO current oil slump is because of 2 things
1)The Americans trying to close Russias economy down because of the latest wars etc
http://www.news.com.au/finance/econ...et-war-on-russia/story-e6frflo9-1227160860899
2) We are going back to recession. Basically governments dont want to admit it but we are heading back for a major recession. So the only way to get things moving is to reduce oil prices. We are all happy we can fill our tanks up for £10 -£20 less and also the price of goods drop for consumers because they are cheaper to transport. However they can only sustain this for so long because of the tax and VAT they are losing out on.
I mean 6 months ago we were running out of oil by 2040 and now we have that much it has to drop. Sorry not buying this from governments.
http://www.imeche.org/knowledge/themes/energy/energy-supply/fossil-energy/when-will-oil-run-out
At what point is the Oil & Gas Sector attaractive as an investment?, page-5
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