‘We Are Entering A New Oil Normal”

zerohedge.com / by Jawad Mian via Outside the Box / 11/30/2014 13:14
Investment Observations
The precipitous decline in the price of oil is perhaps one of the most bearish macro developments this year. We believe we are entering a “new oil normal,” where oil prices stay lower for longer.While we highlighted the risk of a near-term decline in the oil price in our July newsletter, we failed to adjust our portfolio sufficiently to reflect such a scenario. This month we identify the major implications of our revised energy thesis.

READ MORE

Please share this article