Over the past few weeks there have been no shortage of headlines detailing the woes of the large oil companies as the oil price has continued to fall. Indeed this week, the oil price came under further pressure (hitting 12 year lows), as the prospect of lifting sanctions on Iran raised the spectre of an additional 500,000 barrels of Iranian oil daily hitting the global market. Whilst this has placed a significant amount of stress on oil producers and in particular companies such as Santos and Origin Energy that are completing export LNG projects that require a high oil price to generate commercial returns; the dramatic and sustained fall does have some positive impacts for investors and the economy.
In the first weekly piece of 2016 for The Alternative View we are going to look at the beneficiaries of the sustained decline in hydrocarbon prices.
Read more here.