Guys, reading all these oil stories is putting my brain in a circular loop over the Oil economics.
On one hand we say that the US economy will go in recession because Oil prices will go up. And then over the past few days the analysis for "drop" in crude prices suggests that the prices dropped because of expectation of drop in Oil usage due to US recession. But now that the oil prices have dropped will there be a pick up in consumption and hence no recession ... in which case will the Oil prices move up again !!!! It seems like a see-saw of expectation of oil price drop and recession. A big circular loop or Economics gone "fuzzy" !!!! HELP!!!!
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