joe of the desert

Speculators Continue to Drive Oil Higher at Risk of Global Recession

Of courser supply and demand are the real culprit. Of course we consume 25% of the oil even though we only represent 5% of the users. We all know that. To think that China, the U.S. and the other consumers have quadrupled their usage and ergo the price of a barrel or crude in three years is nuts!
Speculators play a huge role in this mess. Or my name is not Sub-Prime Loan.

Speculators Continue to Drive Oil Higher at Risk of Global Recession

I find your article fascinating but I need some help with this question.
If oil is so speculative as you say, and I believe you are right. What happens to the economy, let alone the price of crude if the whole thing tanks..
Joe