Post
Topic
Board Economics
Re: Energy crisis? What energy crisis? Oil dips to 3 months low despite OPEC cuts!
by
Wind_FURY
on 22/12/2023, 11:39:58 UTC
But isn't it more concerning that the price of Crude Oil is still low despite the supply cuts? Because that illustrates that demand is low, and if the demand is low, then that could indicate that a worldwide recession is coming. Plus you're right, it's probably not going to be an "Energy Crisis" like the Oil shocks of the 1970s, but there could still be something, another sort of economic crisis that will bring everything down.