I have read the Questor article this morning which paints a very negative picture. However it fails to consider a number of fundamental points in its analysis. There is a significant and continuing excess of demand over supply. Interest rates are low and show no signs of increasing significantly. The price of oil is set to stay low because of continuing supply excesses and the impact of shale where suppliers will come back on stream as and when prices edge up. The only immediate threat to the… Read More
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