Let's face the facts: Low oil prices are here to stay for a while. Despite OPEC's commitment to continue supply cuts until mid 2018, the world is still producing more oil than it needs (similar to our local property oversupply and global container ship glut). In addition, Singapore is now set to be one of the largest "parking lots" for large crude oil tankers as covered in this article. In my opinion, low oil prices are expected, to 2019; because i) oil supply outstrips global demand due to production increase by USA and Nigeria and ii) the need to draw down on excess inventories built over the past 4 years. It is this current scenario that investors will have to consider and position our investments. Consequences What are the consequences? There are many but all are hypothetical reasoning - oil & gas offshore support industry (e.g. Ezra, Mermaid) ......