RT - this is the 4th or 5th time oil prices have gone south big time since ABZ became an "oil capital"
as usual the Saudis have decided they are sick of playing the fall guy and have decided to remind people who is boss in the supply/demand equation and are aiming for$ 80 a bbl
The financial markets will no doubt panic, overshoot the price to low $ 60 - possibly by year end - we then have 18 months while it staggers back to $ 80 and then everything will be "as before"
Aberdeen will take a pasting - house prices, jobs, services will all be hit. I 'd expect airservices - especially the ones to Scandinavia - to be hit as well - fewer people, flying less and in slave rather than business
But the By-Pass will open a year early!!! no traffic on it for another 4 years but heh............