silverdoctors.com / BY THE DOC / JANUARY 8, 2014
Barring a black swan event, lower oil prices are quite likely in 2014, and that should be viewed as very good news for gold investors!
Lower oil is good news because oil imports are the main cause of the Indian current account deficit (CAD). The current Indian government has done nothing substantial to reduce oil demand and transportation costs for its poor, so only lower oil prices in the market can affect the CAD.
Submitted by Stewart Thomson:
- The world’s largest political risk consulting firm is Eurasia Group. In an interview with CNBC news yesterday, company president Ian Bremmer predicted that in 2014, oil could easily fall to $80, or much lower. For more information on Eurasia Group, please click here now.
- “Even without an Iranian deal, the Saudis are going to have to reduce production just to maintain a price floor above $80 [a barrel] by the end of first quarter,” Bremmer said. If an Iran deal happens, we’re going well under that. The Saudis won’t be able to keep that going….” – CNBC news, Jan 6, 2014.