If oil prices stay low in 2015 as some expect or fall even further, this could have repercussions for some major Southeast Asian states. Of particular note is Malaysia, an oil producer which has already seen a severe economic impact, which experts expect to continue to a certain extent into 2015. As I have written 17 Comments, the impact will likely be more mixed for Vietnam, which is both producer and consumer, though officials have already warned that the impact on the country’s public finances deserves attention. Of course, as Joshua Kurlantzick has argued in his list of predictions, lower oil prices can also benefit countries, particularly consuming ASEAN states but also producers as well in some cases. This mixed picture arguably makes oil prices even more critical to watch into 2015.