117 comments on You might have heard that CLX07 hit $86/bbl today. Oil--in the next month--will...
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117 comments on You might have heard that CLX07 hit $86/bbl today. Oil--in the next month--will...
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"1. IF there's a recession, that'll mean less, not more oil demand, thus leading to lower prices."
Ah, but you discount the effect of panic and hoarding (personal and national) on prices.
People don't 'hoard' during recessions. They bemoan their woes to congress and the Democrats give them $5000 baby bonds.