Archive > 2014 > December 2014 > Global Industrial Outlook: Houston, We Have a Problem
Global Industrial Outlook: Houston, We Have a Problem - December 2014
Brian Langenberg, CFA
The article "Global Industrial Outlook: Houston, We Have a Problem" appeared in the December 2014 issue of Power Transmission Engineering.
Summary
With two armed conflicts underway impacting economic performance in Eastern Europe and the Middle East, we continue our investment stance of âœBuy on the Sound of Cannons â” Selectivelyâ â” 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 â” about a (25%) drop despite wo ongoing conflicts because of excess supply.
Keywords
Vladimir Putin, Oil & Gas, Economy, Machinery, OIl Price, Oil,
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