Oil rout like never before? Oil prices fell from $100 to sub $30, this I'm sure many know. After all, the Oil industry is known for its cyclical natural; rise and fall of the oil price is part and parcel of the cycle. However, this time round, are things different? Why the fall? Oil prices fell due to 2 key reasons:

1. Over supply of oil
2. Slowing demand from China (the largest demand driver of oil)

China could very well turn their economy around by a stroke of luck or some incredible policy by CCP, but the over supply problem is really tricky. I last wrote a piece on the falling oil prices here. In it, I mentioned how there seems to be no light at the end of the tunnel in bringing the oil supply back down in the near to mid future. Adding to the article, Saudi has just ......