S
Source: ANBOUND
Tuesday, December 16, 2014

Will the global oil price fall fundamentally reverse the pattern of high oil price? The standing high oil price has not only brought high cost of resources, but also created relevant industries and markets, numerous industrial chains and industries(such as new energy, new energy automobiles) are relying on high oil prices for emerging. Given the fact that this world was used to and operated upon high oil prices, the current oil price plunge has caused fundamental changes in world economy. For those industries relying on high oil price, a minor drop of it might just hurt their skin and flesh, but a big one will injure their sinews or bones. With an unabated demand of oil in the world, the tendency of global oil plunge will be moderated and stabilized. The oil price shall stop falling or even possibly rise because of new investments into the oil realm.

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