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Jakobsen on crude's 'huge stimulus' and the benefits to come

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The fall in global oil prices is a huge stimulus and the full impact on consumers and producers is still to be felt; that's according to Saxo Bank's Chief Economist, Steen Jakobsen. The positive impact of falling oil has been over-shadowed by global concerns, he says, notably Greece. Now that that has been contained, business activity should start to rise. 
Steen says we're close to seeing the worst as far as oil's decline is concerned. Although we may see more falls in the coming weeks, he's convinced oil will be trading significantly higher this time next year.