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Home » Global Industrial Outlook: Houston, We Have a Problem

Global Industrial Outlook: Houston, We Have a Problem

December 1, 2014
With two armed conflicts underway impacting economic performance in Eastern Europe and the Middle East, we continue our investment stance of “Buy on the Sound of Cannons — Selectively” — but readers of Power Transmission Engineering should not be sanguine. Geopolitics is beginning to exert significant pressure on several end markets: I specifically refer to oil price. West Texas Intermediate or WTI has dropped from its $95-105 trading range in late spring to about $75 — about a (25%) drop despite wo ongoing conflicts because of excess supply.
Components Industry Oil Industry News Economy
KEYWORDS economy Machinery Oil Oil & Gas OIl Price Vladimir Putin
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