Will crude oil cause a global recession? Will crude oil cause a global recession

posted by   lboog123 (0)   3 months ago (readthestockmarket.blogspot.com)

With crude oil at these prices, is there the possibility of a global recession as countries and individuals can no longer afford their energy needs. First and foremost let me say that the price of crude oil is not caused by demand it is caused by speculation, oil traders are simply bidding up the price of crude oil and we are seeing crude oil trading at a price and if that is at least $40.00 to high.