What is going on with Oil?
Ozgur Ayrilmaz, MBA, PMP
![Ozgur Ayrilmaz, MBA, PMP]()
Ozgur Ayrilmaz, MBA, PMP
IF YOU WANT SOMETHING YOU’VE NEVER HAD, YOU MUST BE WILLING TO DO SOMETHING YOU’VE NEVER DONE
Folks,
As you know, Crude oil prices fell sharply in the fourth quarter of 2014 and negatively effected many countries.
Well, I am wondering your thoughts about this. What is the reason behind? Global production exceeded demand or something else?
Thanks in advance for your comments.
Ozgur Ayrilmaz, MBA
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Software Team Leader at Siemens UK, MSc Data Analytics
10 年Sure. There is no doubt that there'll be heavy side effects.
IF YOU WANT SOMETHING YOU’VE NEVER HAD, YOU MUST BE WILLING TO DO SOMETHING YOU’VE NEVER DONE
10 年There may be political advantages at the moment. However, in the long run, I think it will hurt US economy as well since especially Middle Eastern countries could be forced to cut their purchases (especially defense systems). We all know very well that in the past few years, countries from the Middle-East – Saudi Arabia, the United Arab Emirates and Qatar – have played a key role in growing international sales of defense systems of the US. Consequently, lower defense purchases from these countries in the near term could impact growth in international sales. On the other hand, I love paying less at the gas pump. It is really great. However, it is clear to me that this domino effect will impact not just the United States, but also global credit markets..
Global Strategic Partner Development & Success at Siemens || Partner Ecosystems, Cyber & Digital Security, Geopolitics & Policy || MBA, PMP, PMI-ACP || MA in Global Policy Candidate '25 - Johns Hopkins SAIS
10 年There was a great article in yesterday's Wall Street Journal about this topic. https://www.wsj.com/articles/deep-debt-keeps-oil-firms-pumping-1420594436?autologin=y
Software Team Leader at Siemens UK, MSc Data Analytics
10 年Obviously a political move made against some countries.