Wednesday 15 April 2015

Cheap Oil's Winners and Losers in One Giant Map - Bloomberg Business

Cheap Oil's Winners and Losers in One Giant Map - Bloomberg Business:



"The world's most innovative regions just got a $900 billion-a-year stimulus package.



With oil prices still down about 50 percent since June, the global economy is benefitting. The IMF estimated in December that the price crash could boost GDP worldwide by 0.7 percent. But those benefits aren't shared equally.



Bloomberg New Energy Finance (BNEF) estimated some of the biggest winners and losers in the map above. Net oil importers like the U.S., Europe, and Asia are getting a nearly $900 billion economic stimulus from cheaper oil prices. The Middle East and Russia are getting stuck with the bill."



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