Sherine HassanArkas - EgyptGMT 10:00
13th May 2008 this is not the only sideeffect, other things will soon happened, for example all ports in zero deviation from the main sea route conecting asia & eutope will be in more good position than ever before(hong kong,singapour,portsaid east,algazera,roterdam)
2- more biger ships will be needed (economy of scale)
3-bunkering traders will earn more money
4- all new technology aiming at reducing fuel consumption will be in great demand (new paint coating,new less consumed engines>>>etc)
5- if the crude reach 150 $ another major changes will happened , like complete difference prices for basic comodoties,change of direction of the flow of some products,usa car producers start thinking to change to solar (diesel)like europe instead of gasoline(benzine)...etc
6-if croude oil reach 200 $ something completely diffrent will start ,some manufctures will start shutting down thier factories in china ,india,southeast asia if thiermarket is usa ornorth america and europe, they will prefer to be more close to thier markets ,and they will chose nearer cheap labour locations mexico for north america and egypt for europe
mre political upheavel in poor non oil producer countries which will bring new systemes and new relations with reach countries.
7- the bigening of decline of the consuming ssocities( no more many shoes or suites in my closet or yours(
i will be more than glad to write down to you a complete article about (what could happen after 150 $ a barrel)
admiral shireen hassan
strategy consultant for yang ming line &arkas in EGYPT , EX FIRST UNDER SECRTARY OF EGYPTIAN NINISTRY OF TRANSPORTATION,EX CHIEF OF OPERATION IN EGYPTIAN NAVY
