The Smart Economist (Me) Says Oil Demand will Shrink in Global Recession
If you think the planet is recession-proof, you're a fool.
The US and especially China is overdue for a REAL recession (China largely avoided the last one). This time, when the world has a recession, China will join in. It's going to get real nasty.
When will the next real global recession start????.... perhaps it's starting now with falling GDP. China is still HEAVILY dependent on US consumers... Falling US consumer sentiment and spending could sink China.
Oil could easily crash to $30 or even $20 in a serious recession.
Governnments world wide are using all tools to avoid or mitigate recession. Still could continue, but overall world wide energy demand is going to grow even if at a lower rate, perhaps even flat for a while or very short term weaker. I too have been wrong in my over-estimate of oil demand but extrapolation is a risk. Recession who knew? Recession will end and keeping oil prices below $100 is just going to encourage increased demand. 2013 probably $100 oil not the $150 i thought 7 years ago. Having said all that economy gets fixed and peak oil is what it will be all about. Bottom line oil stocks with yield are fun to own while we wait.
So far you haven't been smart at all. You've been predicting the same collapse for about 2 or 3 years now and so far been consistently wrong.
You've either lost money of you've been short, or missed huge opportunity if you've been uninvested all that time.