Where is ANDY to tell me not to worry because oil will come crashing down? I need some positive vibes.
You're looking for a ray of sunshine from ME? Maybe you've misinterpreted most of my posts as to where I see things going. I see a deflationary depression in our future. (A depression is defined as a decrease during the contractionary period of greater than 10%). It won't be a 'Grapes of Wrath' event, but it isn't going to be the mild 1 or 2 quarter recession that we've seen over the last 30 years.
Yes, I anticipate oil prices to drop. But that's due to demand destruction. Demand destruction isn't exactly conducive to economic activity.
I've been anticipating being furloughed for quite a while now (I figure my number's up shortly after Christmas), and I expect furloughs to occur at just about every airline.
If I'm the one you're looking for positive vibes from, I'd hate to think of the armageddon scenario that you envision.