The economic growth in Japan had slid from 1.9% to 0.9% during the late two successive trimesters (the first trimester the economic growth was about 4%),despite the arrival of the new government and diminution of Japan currency (yen),as for Europe the destiny was not glorious ,as the economic growth of France had passed from 0.1% to -0.1% during the late two successive trimesters ,and Germany with 0.3% of economic growth ,is a sign of bad omen .
Europe is now the bad boy at the classroom when it comes to tackling unemployment , and jump-start its economy , as others countries reach easily 5% percent of economic growth especially in Africa and Asia .
Russia with 10 billion barrels a day ,and Saudi Arabia with 9 billion barrels ,are the two big players in the energy market ,but USA with its 7 billion barrels from shale gas and oil, could play an important role in energy market , it is the first time since 1975 the production of oil surpass the consumption in USA , and that surely will jump start USA economy ,industry ,job market .
This new perspective could lead the oil price down , but the oil of middle east will take over after 2020 especially in Asia