RE:RE:BSW laughs and laughs at the doomI agree that oil can go up lol. I simply am pointing out the the Fed is tying to crash the market into recession still poses a risk to oil. In previous post also pointed out the tight fundamentals of oil will have to be balanced against a global recession in 2023... so the question I asked is where will oil fall? I answered by saying i expect oil will spike but also surprise to the downside possibly. Like does everyone forget we all assumed we understood the fundamentals back in 2016? how about 2018?
(this is not directed at you) But WTF is so confusing about identifying market risks related to Oil? Fk me. This board only knows how to cheer for oil to the moon 24/7 and its honestly sickening. How many clowns here have to go through extreme volatility before they realize both oil stocks and oil are susceptable to market shocks UP AND DOWN. Fkk.
nikolaos wrote: Normally I like your posts Snowballer, but this one seems to be a little off base. We CAN have a recession and oil CAN still go up. There are four times in history I believe that there was actual demand destruction in the oil markets. With decreasing SPR and the eventual end of it, Opec cut as of this month, sanctions on Russian Oil happening in December, sanctions on Russian refined product in february and an ever growing population that wants to attain what we have here in North America.
Just my two cents and the only way to know who is right is through time.