In the news that US having turning into production growth of its oil in 30 years through its shale gas and oil, and the trend is likely to speed up in the next 10 to 20 years, many are expecting US to extract as many oil as possible to reduce reliance on middle east oil. In the result will be shifting production of oil in the world from middle east to US. But according to news, middle east has committed huge spending from its oil export income in the future. Thus overproduction that might cause from US and middle east because of their own reason may spark oil price war that bring the price down and keep the oil price low in the coming years.
This may be fare well for airline industry, especially in the Far East region as middle income group expand, which will directly boost tourism. While Airline may turn to become a profitable and attractive business if oil price down and economy in far east emerging country grow in consumption, airport will be a safer bet as there will not be many competitor around.
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