What is the global outlook for fossil fuels and which regions will be particularly affected in the next 1-3 years?

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A 30% change in oil prices appears to be impacting all major industry players, some of which are effected in a good and some in a bad way. These days, governments and business leaders world-over are reviewing business models and state budgets towards austerity.

For China and India, the most populated countries, a drop in prices seems to be beneficial because it would provide the opportunity for economic growth through increased consumption. At the same time, Russian & CIS, as well as South American economics which are based predominantly on natural resources base, would be impacted in a very negative way.

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