I work for a large industrial conglomerate. We are and have been prepping for a full blown recession by September. Worldwide, the economy is barely moving and slowing....even in China. No good news. If Iranian oil hits the market, oil will crash as well. Not good.
I thought we were at peak oil 10 years ago. /s. At this rate it’s going to be cheaper to fill So. Cal. swimming pools with oil than water.