| The coming Year of the Sheep will no doubt be an interesting one, filled with a lot of uncertainties. Collapsing oil prices are a new wild card that has just been introduced into an already weak global economy — a development that likely will shape what happens in 2015.
Looking back, oil prices for much of the past decade have been high — at about US$100 per barrel since 2010 — largely because of rising oil consumption in countries such as China and geopolitical conflicts in major oil nations. As oil production was tight compared to high demand, prices increased...............................................Full Article: Source
|