<story><title>Oil Crash is Kicking Off One of the Largest Wealth Transfers in History</title><url>http://www.bloomberg.com/news/articles/2016-02-01/bofa-the-oil-crash-is-kicking-off-one-of-the-largest-wealth-transfers-in-human-history</url></story><parent_chain><item><author>sveme</author><text>The shortsightedness of this article (and I guess business analysts in general) is breathtaking. Isolated, it might be positive for consumers, but any increase in the consumption of oil due to low prices should be feared. Celebrating Chinese buying more SUVs, the worst automotive fashion in the last two decades? Yeah, great.&lt;p&gt;We&amp;#x27;ll pay for these short term wealth transfers with a further uptick in warming and a huge shock in the future when no one&amp;#x27;s saving energy any more, renewable energy installations have come to a standstill and oil rapidly becomes more expensive again.</text></item></parent_chain><comment><author>zeteo</author><text>&amp;gt; The shortsightedness of this article [...] is breathtaking. [...] Celebrating Chinese buying more SUVs, the worst automotive fashion in the last two decades? Yeah, great.&lt;p&gt;Did we read the same article? There are many consequences for the oil crash. The article doesn&amp;#x27;t claim to rank all consequences - it just reports on a BofA study about the size of the wealth transfer. It also cites an increase in Chinese SUV purchases. Since when is reporting on facts equivalent to &amp;quot;celebrating&amp;quot; them?</text></comment>
<story><title>Oil Crash is Kicking Off One of the Largest Wealth Transfers in History</title><url>http://www.bloomberg.com/news/articles/2016-02-01/bofa-the-oil-crash-is-kicking-off-one-of-the-largest-wealth-transfers-in-human-history</url></story><parent_chain><item><author>sveme</author><text>The shortsightedness of this article (and I guess business analysts in general) is breathtaking. Isolated, it might be positive for consumers, but any increase in the consumption of oil due to low prices should be feared. Celebrating Chinese buying more SUVs, the worst automotive fashion in the last two decades? Yeah, great.&lt;p&gt;We&amp;#x27;ll pay for these short term wealth transfers with a further uptick in warming and a huge shock in the future when no one&amp;#x27;s saving energy any more, renewable energy installations have come to a standstill and oil rapidly becomes more expensive again.</text></item></parent_chain><comment><author>oniMaker</author><text>If you are convinced of the latter point, then it&amp;#x27;s a great opportunity for you to invest in oil and benefit from your own wealth transfer.</text></comment>