Why dont schizos get that? There wont be 150 Dollar oil price and a recession. 100 Dollar is the fair price as of now as long as the straight is blocked but no big attack on oilsfields happen and i said that weeks ago.
>>62062457i want bitcoin moon
>>62062461And efferiumz
>>62062457low iq
How red are you panic bro?
>>62062551>>62062555You are like so many people forgetting that a recession immediately lowers oil prices.
>>62063066ya but that only happen due reduce demand and increase production in next cycle but this time , iran attacked the supply chain mainly refinery which would take time to go back to normal production ( 6-9 week if war end today)
>>62063321But this doesnt affect supply enough to offset the redecued demand in a recession.Also saudi arabia is fully redirecting its oil with the pipeline. People buy more from russia. People switch to other energies. Higher price already makes people use it less. And so on. That means the current state is fully priced in, a recession would lower the oil price.
>>62062457>>62063496Do u recess an arbitrary amount in a recession? Or only enough to, say destroy 20% of oil demand? Oil needs to go higher than 100 to destroy that much demand, probably. Thx for listening to my TED talk.
>>62062457anywhere between 100-150 sounds realistic to me. they already started diverting oil to other harbors.but it's pointless to discuss it here because 4chan is full of thirdies who just really really need shitcoin numbers for their 500 bucks of disposable income to ever spiral into something significant.they are the same people who were telling you that silver will go up endlessly because they do not understand supply and demand, and why a higher price also depresses demand.now watch one of them tell me that the demand for oil is inelastic because he heard it in a video from an oil shill and treats it as gospel now.
>>62067886It doesnt need to destroy 20% of the demand. Other countries already increased production and saudi arabia diverted its oil through the pipeline.>>62068501Yeah i think some people dont even understand the concept of inelastic demand
>>62068501150? Crazy, the top is already in. Its the perfect opportunity to open a short
