Bearish Model forecast for USOIL: - Global economy will see downturn. - Economic stagnation, possible deflation. - Energy disruption. - Financial and currency disruption. - Oil inventories will be worthless after military conflicts are over.
GLHF - DPT
Comment
Q: History has shown us that recessions usually accompany a rise in oil prices .. intraday market analysis 101 .. what do you think..
A: yet US oil prices were 13 cents per barrel in 1931 during the Great Depression... During true economic weakness, America simply cannot have oil prices be high... It is rather interesting, because oil prices tumbling here would suggest that new oil fields have been "discovered", perhaps in Iran...
Comment
DPT:
Ah, I thank you Stefan, my friend. Because of your objections, I think I have found the geopolitical catalyst that will lead the energy economy for the next few years. Another piece of the puzzle...
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