8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay
- The slump in the oil price is primarily a result of extreme short positioning, a headline-driven anxiety and overblown fears about the global economy.
- This is a temporary dip and the oil markets will recover significantly by H1 2015.
- Now is the time to pick the gold nuggets out of the ashes and wait to see them shine again.
- Nevertheless, the sky is not blue for several energy companies and the drop of the oil price will spell serious trouble for the heavily indebted oil producers.