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United States Oil Message Board

  • ext4r ext4r Jan 31, 2013 4:23 PM Flag

    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.

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