Even if the economy crashes, we will still burn oil.

As long as the oil market remains buoyant, as it does for other commodities, then the Russian economy will prosper. The consumption boom is growing on the back of the wealth being produced by commodity growth.

Israel will not tolerate Iran developing nuclear power, even if Iran claims it is for peaceful purposes. If there is an attack, oil prices will go through the roof.

If oil stays where it is, then the economy will slow, and the market will take up some of the Fed tightening that is priced into it.

The state of the economy is not the issue when it comes to growing a business. The relevant questions are always: 'What business are you in? Furthermore, is it adapting to the times?'

It costs governments money to keep fuel prices low. Oil-rich Yemen, for instance, devotes 9 percent of its GDP to making sure its people don't riot when oil prices rise.