Pricing power shifts
from commodity producer to commodity
consumers. We are looking at a new order
in the world where the total wealth
effect will shift away let's say from
oil-producing nations like Russia or
Saudi Arabia, Kuwait, Nigeria and Venezuela to consuming nations like
India and China.
This is good for China it's
good for India, good for Germany, good for Japan. It's
good for oil consumers and it's good for
oil consuming nations. Oil producers or
suffering now and many other companies in those countries as well. But for the world yes, it's good.
