What Recession? The U.S. Oil Industry Won’t Stop GrowingSee this is a typical BS news release because they're focused on only the Oil industry so how many of your family members work in the Oil industry? Of course, this sector has been growing ever since Oil started trading higher in Dec 2021, and it's because of this industry that's making everyone pay more to heat and cool their homes or businesses, and the price of gasoline all are contributing to higher Inflation thus causing the FED's to raise the Intrest rate, and here are the latest Rig Counts and they're down so its BS that the Industry is growing and will carry the US through a recession and If Oil goes higher than you'll see Rigs being added. They're making it sound like 97% of Americans are employed by the Energy sector. Once we are in a full-blown global recession then this sector will be crushed. When the FED says prepare for a deep recession you should listen.
What Recession? The U.S. Oil Industry Won’t Stop Growing | OilPrice.com US Crude Rig US Total Rig Count