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To: Return to Sender who wrote (3823)10/27/2014 10:00:48 AM
From: The Ox  Respond to of 8248
 
I could be wrong but I don't see large reductions in the use of oil. Far from it. But let the pundits say whatever they need to say. I'm sure one response will be this is simply deflation, yada, yada, but in reality, it's the US oil sector booming and producing hand over fist.



To: Return to Sender who wrote (3823)10/27/2014 6:57:42 PM
From: Jacob Snyder1 Recommendation

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Return to Sender

  Respond to of 8248
 
<bears will say that oil is falling as a predictor of an impending recession>

That will be true, when the price of oil is falling because of falling demand. If oil demand is falling, we'll see lots of other signs to falling demand.

Mostly, the price of oil is down today, because of improved technology that has increased supply. That is not a sign of impending recession.

Recessions cause low oil prices, not the other way around. It is more likely that high oil prices will cause the next global recession.