AsiaPacificThematicStrategyAboontoenergyconsumersStrategyStrategyFigure1:OfUS$1.1tninsavingsforoilconsumers,US$500bnisbetweeneconomiesSource:TradeMaps,CreditSuisseestimatesNear-termvolatilityaside,averagecrudeoilpricethisyearisforecasttobethelowestsince2003,implying>US$1tn(1.3%ofglobalGDPat$35/bbl)shiftfromproducerstoconsumers.Suppliers:GrowthimpactlessthantheUS$1.1tnloss.WeestimateUS$500bnlosstonetexporters,with~85%inRussia(RU),SaudiArabia(SA),Iraq,theUAE,KuwaitandIran.Governmentslosethis(oilis40-90%oftheirrevenues),andmostmayrespondintheneartermwithmoreborrowing;weakerrublehelpsRUadjust.Forsmallernetexportersthough,lossesruninto20-30%ofGDP;thiscouldweak...