Nevertheless, Venezuelan energy and telecommunications companies will perform better than any other sectors of the economy. As commodities prices continue to be depressed, most Latin American countries will not do well. The only exception to the rule here will be the oil producing countries of Mexico and Venezuela. Argentina and Brazil will be least affected because they produce multiple commodities, and least dependent on commodities exports as the only source of foreign exchange. The outlook for Africa and the Middle East just got fuzzy as violence in the Middle East stands the chance of spreading to other parts of the world with sizable Islamic and to some degree Jewish populations.
High prices causes the consumers to find alternate sources of oil and energy.
When you include uncertainty - like the violence in the Middle East, the search for alternate sources actually speeds up, and that is bad for OPEC producers in the longrun. The commodities market has been hard hit lately. Unfortunately, the US Midwest drought will not benefit Sub-Saharan African producers, due to the difference in commodities affected. Apart from the Oil producing economies like Nigeria, Gabon, and Cameroon, the only other economies that stand to do well are South Africa, Botswana, Namibia, and Zimbabwe. South African software firms are making a good stride on the global scene.