Monday, August 08, 2005

Oil price hits an new high

good for:
the region (in pure economic terms) I think (?)
Govt employees
Landlords
Infrastructure builders
Importers and resellers (much of the Dubai economy)
Car sellers, separate entry which would be clear if you could see the Dubai & Abu Dhabi roads.
Real estate sector and those who work for them (advertising marketing etc)
Shipping (repairs docks and shippers)
Oil and gas industry suppliers and explorers

Bad for:
Airlines
Anyone who has to fly due to sky high fares.
Renters and house buyers driven out of the market by a tidal wave of regional oil cash speculating in new real estate.
Inflation - now sprinting for the horizon.

mmm that's me buggered then............
DW