It’s strange. When the price of oil was in the century mark, everybody was feeling the pinch as the cost of business went up. The masses felt the pinch with the rapidly spiraling cost of petrol for car owners and the cost of electricity to power the home. It was all doom and gloom, with inflation eating into the bottom line for everyone.

This situation gave rise to higher cost means of recovering energy sources becoming viable. And so we then have shale gas, particularly in the US. It has grown so rapidly that it is shifting the US from a net importer of energy to becoming a net exporter. Suddenly, OPEC and Russia no longer hold the only big strings that pull the puppet.

And now we have an oversupply. The collapse in oil price has been rapid. Along with this, stocks in the oil and gas sector are …