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Reply to "$7/gallon gas is coming"
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[quote=Anonymous][quote=Anonymous]The SPR isn’t a problem, it’s a political talking point, and the risk of global recession is de minimis according to virtually every economic indicator absent a COVID meltdown in China. China and India will try to moderate Putin by purchasing Russian oil at a significant discount. Meanwhile the US is looking to open markets to Venezuela. We are through hurricane season but have refining capacity needs for the next 20 years. [/quote] Europe is deindustrializing as we speak and fuel demand appears to be down. There has been no meaningful supply brought online. Oil markets are telling you something that isn’t yet showing up in official economic indicators. If you think we aren’t seeing early warning signs on a potential recession….[/quote]
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