RE:BSW laughs and laughs at the doomNormally 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.