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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.