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Explosive year for energy sector

Mayhem will erupt in commodities and financial markets, warns economic analyst

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Mr Courtis predicts that oil will break below US$30 a barrel this year, and "when it does a lot of higher cost energy operations with high debt loads are just going to have to declare bankruptcy".

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Mr Courtis (above) predicts that oil will break below US$30 a barrel this year, and "when it does a lot of higher cost energy operations with high debt loads are just going to have to declare bankruptcy".

Tokyo

THE energy sector, says prominent former Goldman Sachs investment banker Kenneth Courtis, is "going to be a blood bath this year", and that will by no means be the limit of the mayhem that can be expected in energy and other commodities as well as in financial markets during 2016.

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