Production up.
What costs less, the #oil or the barrel? crude vs iron ore since $100 pic.twitter.com/0VmlAh0gZF
— Thomas Biesheuvel (@tbiesheuvel) January 12, 2016What costs less, the #oil or the barrel? crude vs iron ore since $100 pic.twitter.com/0VmlAh0gZF
— Thomas Biesheuvel (@tbiesheuvel) January 12, 2016
1 comment:
Iron ore price reductions probably translate better along the supply chain and in consumer prices, relatively speaking.
Oil prices reductions are very relative depending on countries, regulations and taxes, in most Europe while you can observe and feel the drop in price, still is very far away of the drop in origin.
However as oil impact in absolute terms is higher than iron ore in the whole supply and logistics chain, the impact is higher for consumers. Also noticeable drops in NG and other carbon energies, adding to that warmer climate (last years at least) impacts energy consumption in much of Europe, which overall helps increasing the already monstrous trade surplus with the rest of the world.
Meanwhile in Brussels and Frankfurt the idiots still obsessed with competitiveness...
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