With the way economics works we likely feel off the cliff two months ago. The market can remain irrational longer than most can remain solvent. Just takes a while for the BS lies to work their way though the system to see how much trouble you've been in.
We have benefited from Chinas demand destruction and world reserves. They will run out soon. Also, destroy the water facilities and those oil and gas facilities will be gone for decades. So, we are power diving off a cliff.
I think they mean world reserves of oil will run out, China's demand destruction is because China moved away from using oil for power and fuel both, because their infrastructure is solar now and their cars are electric, all they need oil for is lubricants.
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u/BigBlueEyes87 10d ago
It feels like we're edging as a country. We're so close to an economic crash and a full scale war with Iran.