Psst, wanna know a secret? Oil demand doesn't go down much during typical recessions, so the latest drop in oil prices based on the prevailing fake narrative that the coming recession, if it isn't already here, will tank oil prices, is in...
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Oil, energy… it’s all down. That’s a fact.
Recession talk has pushed the West Texas Intermediate (WTI) crude oil prices below $105 per barrel this past week – the lowest price we’ve seen since early May. Similarly, energy stocks have taken a beating because of recession fears. Over the last month, United States Oil Fund (USO), Exxon Mobil Corp. (XOM), and Chevron Corp. (CVX) are all down 2.03%, 7.93%, and 16.05%, respectively. That’s just to a name few.
But, I’m still recommending that you buy oil stocks.
As the Fed raises interest rates, easy access to cheap money is drying up, and companies that don't make a profit, burn through cash, and rely on borrowing cheap money may be forced to default on interest payments without the possibility of...
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Hot off the presses: The Supreme Court has ruled six to three to overturn New York City’s concealed carry law, which banned those in the city from carrying of guns without a permit. This has major ramifications on the future of gun ownership...
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