Sell everything! 2016 will be a 'cataclysmic year,' warns RBS

[Devonian]

I think it is important to note that the price of oil hasn't crashed, yes it's at a 12 year low and 65% lower in price than it was, but it still hasn't crashed.

The price of oil has been reduced and lowered in a controlled manner by the Saudi's who are trying to kill off competition from the low cost shale oil production in the US.

In many ways the low cost of oil is exactly what the UK and many other economies actually need to help strengthen growth in our industrial and transport sectors, so the low cost of oil is likely to help us.