Frankfurt, 6.10.2015 - In an interview with the German daily FAZ, Matthias Woestmann, director of Quadrat Capital, the investment firm, described the effects of the recent oil price slump. The oil industry invests about 300bn USD per year to keep up production at the current level of 94m barrels per day and secure an incremental incrase of about 2m bbl/d. The collapse of the oil price has forced the industry to cut capital expenditure by 25 to 35%. There is no way how this drastic cut can not trigger a reduction in oil production – with a gap of a couple of years. The consequences for the oil price might be severe, but it is historic opportunity for longterm investors.