Merrill Lynch believes the economic slowdown in Chinais so severe that it will push oil prices down to $25 a barrel.
“With demand vanishing across all key oil consuming regions, benchmark crude oil prices continue to plummet,” saidMerrill Lynch. “
Merrill Lynch predicts $25 oil
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One more thing on Dee Kenimer’s comment: Expect the oil crunch to MASSIVELY impact the prices and availability of rubber products, especially tires. They require a substance called Butadiene (BD for short). This product, produced
in decades past by the tire companies, is now contracted out. However, today it is not a major revenue product for the refineries. Therefore, they are not producing much of it. This is creating pretty big shortages for the tire companies. Any ideas on
how to invest in that (other than just puts on Goodyear, etc.)?