Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Friday, December 19, 2014

Plunging oil price to reset global defence budgets: IHS

Plunging oil price to reset global defence budgets: IHS
London (AFP) Dec 19, 2014 - Global defence spending is likely to remain constant for the next two years as tumbling oil prices cut the budgets of Middle East exporters, but swell the coffers of Asia-Pacific importers, defence analysts IHS said Friday. With Brent crude recently falling below the symbolic $60 dollar (48.8 euros) mark - a 50 percent drop since mid-June - the defence budgets of countries in the Middle Ea ... morehttp://www.spacewar.com/reports/Plunging_oil_price_to_reset_global_defence_budgets_IHS_999.html

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