looking at Tesla model 3 electric car sales. Saudi know their days are numbered. in 30 years internal combustion engine cars will become dinosaur. New species of electric car will roam the earth. What saudi do now is sell as much oil as they can, fully utilize their production capacity. Maintain or capture market share.
Cheaper oil is good news, good for all of us, and businesses except o &g counters. More profits for companies due to lower cost of fuel , tranport, materials in plastic, synthetic rubber etc , tranlate into strong purchasing power of wages for cheaper goods. Including prices of properties decreasing n cheaper. Equities in consumers, trade , services, manufacturing should do well. Construction benefit a lot.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
soojinhou
869 posts
Posted by soojinhou > 2016-04-18 07:49 | Report Abuse
Well for guidance the Aussie is tanking.