Baytex Energy Corp T.BTE

Oil Prices Could Be Set For Another Sharp Rise to $100

[smallcaptdr]

Here's another anal-yst predicting $100 Oil in a couple of months, In a couple of months the recession will be in full bloom so how can Oil be at $100 during a Global Recession with Europe in crisis plus their derivatives crises of over a Tillion$ that the government won't bail out so this anal-yst must be doing crack in the office,  If Oil goes to $100 that would mean that gasoline will be back at $5 gallon when people will be house poor because of all the interest rate hikes, this anal-yst must be a 23yr old who never lived through a recession so there's no way unless they sink 5 Oil tankers leaving Russia every day. If Oil is going to rise they'll have to out beat the recession! During the great recession in 2008 Oil dropped from $134 to $39


What A Recession Now Could Mean For Oil Prices Later | Investing.com CA


Oil Prices Could Be Set For Another Sharp Rise | OilPrice.com

[Greenday]

@ smallcaptdr - One could also argue that inflation causes oil prices to increase the same as anything else.  But if you want to do a thorough analysis of what oil prices could do in a possible recessionary environment you should compare the elasticity of oil compared to a basket of essential and non essential goods.  Some goods are more susceptable to a decline in demand than others