The only condition for the oil price collapse is if China gets into recession like what happen in the US 2008/2009 or similar to the 1997 asian financial crisis. Even this happens, oil price still will be above $50, should be much higher than 2009 low, which is around $33-35.
Not a problem as long as the demand from other is still high
The only condition for the oil price collapse is if China gets into recession like what happen in the US 2008/2009 or similar to the 1997 asian financial crisis. Even this happens, oil price still will be above $50, should be much higher than 2009 low, which is around $33-35.
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