Y-H Booties/Winter Women's Boots Leather Fall/Winter Stylish Booties Y-H/Winter B07J6GFM51 Plus Cashmere Ankle Boots/Ladies Personality Square... B07J6GFM51 Parent fc3da71

Dynamic solutions for a fluid world™

3 minutes reading time (616 words)
Y-H Booties/Winter Women's Boots Leather Fall/Winter Stylish Booties Y-H/Winter B07J6GFM51 Plus Cashmere Ankle Boots/Ladies Personality Square... B07J6GFM51 Parent fc3da71 Falling Oil Prices...Good or Bad? President's Perspective
2341 Hits

Everyone - at least everyone in the USA - is talking about falling oil prices:

For those interested in the reasons behind the falling price see "Why the oil price is falling":

Four things are now affecting the picture. Demand is low because of weak economic activity, increased efficiency, and a growing switch away from oil to other fuels. Second, turmoil in Iraq and Libya—two big oil producers with nearly 4m barrels a day combined—has not affected their output. The market is more sanguine about geopolitical risk. Thirdly, America has become the world’s largest oil producer. Though it does not export crude oil, it now imports much less, creating a lot of spare supply. Finally, the Saudis and their Gulf allies have decided not to sacrifice their own market share to restore the price.

Several of our younger engineering staff have asked me recently about the falling oil prices and the expected impact on demand for our simulation software in 2015. This is part of the bigger question of the impact of oil prices on the US and global economies.

For companies highly focused on the upstream oil industry - and especially exploration and installation of hardware for new oil extraction - there is no doubt such companies will be impacted and that impact will generally be negative. For example see "As oil prices fall, Alaska governor halts project spending".

However, a large part of the rest of the economy benefits from lower oil prices. Companies and consumers can keep more of their cash to spend on other things. For the industrial sector, projects that may have been too expensive previously now become more economically viable and hence will start to move forward.

This shift from one sector to another sector is discussed in the "Oil City Prepares for Pain" article linked earlier. In speaking of the "Oil City" also known as Houston the article says:

Much of the wealth created by high oil prices has been concentrated on the west side of town, known as the Energy Corridor, which is dotted with the headquarters of some of the biggest oil companies in the U.S.: BP America (BP), ConocoPhillips (COP), and Shell Oil (RDSA:LN). But there’s a boom going on in the eastern, industrial side of Houston, where companies such as Dow Chemical (DOW) and Valero Energy (VLO) are building petrochemical and refining plants. Cheap oil, just like cheap natural gas, will be a boon to them. “Labor could start to migrate across town,” says the University of Houston’s Gilmer.

With respect to AFT, some of our customers are in the upstream oil industry and it is to be expected that our sales into that sector will decrease. However, we expect our sales into other sectors to rise and likely to more than make up for the decrease to the upstream oil sector.

As the drama of the falling price of oil plays out, it provides a fascinating view into the field of Economics and how the Laws of supply and demand work. Opportunity always exists.

Toggi Lady Wanderer (Navy, EU 41) B0035X9Z9Q ParentFuntasma by Pleaser Women's Dame-115 Boot B003VRBV9S ParentDr Martens 1460 Boots (Patent Black) B004H5O3KW ParentMr/Ms Olang Canadian Winter Boots B0047D1X9I Parent Special purchase Online export store Global salesCrocs Super Molded Cuffed Puff, Women's Snow Boots B007B85U4K Parent , Bearpaw Emma Tall, Women's Warm Lined Long-Shaft Boots, Grey (CHARCOAL 030), 4.5 UK (37 EU) B004Q9LS4I Parent , Rieker 76963-01, Women's Ankle Boots B00801P5CY Parent , Funtasma Women’s Dame 05 Ankle Boots B008O3WF3U ParentHi-Tec Women's Sierra Pamir 200 WP W' Boots B009K4ZB2Y ParentMan's/Woman's Pleaser Womens Seduce-3050 Boots B00A0IV9XO Parent for you to choose the most economical Fashion dynamic , Hunter Original Tall Gloss, Women’s Gumboots B00CF0YCLQ Parent , Remonte Remonte, Womens Chelsea Boot B00JVPC756 Parent , New Womens/Ladies Red Patent 8 Eyelet Dr Martens Boots - Red Patent - UK SIZES 3-7 B00E3Z9BVM ParentClarks Women’s Movie Stage Cold lined classic boots half length B00ITIB3LK ParentCrocs Adela Foldover Fuzz, Women's Warm Lining Ankle Boots B00I1HM2R8 Parent , ECCO Touch 55 B, Women’s Boots B00J6IIFY0 ParentGabor Emilia, Women's Ankle Boots B00JS9FSWO Parent , Rieker Z0420-24, Women’s Ankle boots B00K76KAMK ParentMan/Woman Mustang Womens 1168-606-259 Boots B00K3HM9RM Parent durable high quality Suitable for color , ECCO Women's Trace Lite Boots B00KCLI2KM Parent , Rohde Women’s Rheingau Hi-Top Trainers B00KBSUT02 Parent , Rockfish Tall Matt Adjustable 7 Adjustable DARK CHOCOLATE B00SWUIQGA Parent , Lambland Ladies/Womens Genuine Sheepskin Biker Boots Zip Fastening Rubber Sole B00OQ2P490 Parent , Caterpillar Womens Kitson Safety Work Boots B00L5M3YXC Parent , ECCO Touch 25 B, Women's Chelsea Ankle Boots B00V39Y3M8 ParentRocket Dog Terry Galaxy, Women's Mid Shafted Riding Boot B00O257Z1Q ParentDr Martens Gold Pascal Womens Patent Leather Boots -UK 4 B00GOBJSJI ParentOxygen Stitch Down Boot Model PIOVA Black B00ON5TI3I Parent , Mr/Ms Rohde Womens 2807 Boots B00D0D192W Parent Excellent craft New style Popular recommendation ,
The Weight of Currency
What About Viscosity Corrections?
Comments Y-H Booties/Winter Women's Boots Leather Fall/Winter Stylish Booties Y-H/Winter B07J6GFM51 Plus Cashmere Ankle Boots/Ladies Personality Square... B07J6GFM51 Parent fc3da71 Shoes
No comments made yet. Be the first to submit a comment
Friday, 26 October 2018