Is the Second Great Depression Imminent? [View article]
I agree with you wackywebname...... At $147/bbl everyone thought that $200 was around the corner. But look at how powerful demand destruction is. We aren't talking about oil being 10%-20% down from the top, either. And, it may well go lower!
Is the Second Great Depression Imminent? [View article]
But look at how powerful demand destruction is. We aren't talking about oil being 10%-20% down from the top, either. And, it may well go lower!