Originally Posted by
SOPS
These things my not factor well in Dubai. There is talk in Australia tonight that things here could get worse than the GFC as China goes into free fall.
Petrol is selling tonight as low as $ 1.09 a litre. There are thoughts it will drop below a dollar a litre.
Great news for consumers, but not for petroleum exporting countries, especially ones that need large revenues to keep their local populations happy and in the manner they are accustomed to.
The next few moths may be interesting.
OPEC countries will cut oil production and get the oil barrel price up to 100 usd if they need cash.