mangolfer

OPEC's Cuts Can't Fight Global Recession Headwinds

It appears to me that the oil bottom has yet to be seen. I believe Jason Schwarts (SA author) was right about $30 oil coming. Maybe long term (and I mean LONG) oil will come back to the $70 range, but there is alot more interest in stopping a recession right now. Spending $100 to fill your tank does not help stop a recession.