Market Review and Trends
Where are the opportunity in oil price slide
By Just my thoughts on investing  •  December 14, 2014
In the past weeks, there have been numerous articles about oil and how the drop in oil price is going to have huge negative impact on some of the asset classes and even some of the major oil export countries. During my usual weekend browsing, I came across an interesting bloomberg video just last week on interview with Mark Mobius. His thinking about this oil 'crisis' is really different from the rest of the other professionals out there, he looks for opportunities that is going to surface from this temporary pessimism situation.
In summary of the video;
  1. Oil prices will recover to about $80-$90 next year
  2. Countries such as Indonesia, India, China had made use of this low oil price situation to embark on reform measures to remove petrol subsidies.
  3. Some of the middle east countries have huge oil reserve to tide over this period of low price
  4. Most Asia ...
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By Just my thoughts on investing
Me am simple man with simple needs.
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