The Plunge: A Dark Knight's Descent?
The streets of Gotham are quiet… too quiet. Just kidding it's about oil not my fair city. But the oil markets? They're screaming louder than the Joker after a bad comedy show. U.S. oil prices took a nosedive a 2% drop that even my Batmobile would envy. The culprit? Trump's tariffs. Apparently even the economy can't handle being Robin to Trump's Batman. "Why so serious?" everyone's asking. Because a recession is no laughing matter Alfred. Not even if it's the punchline to a bad economic policy.
OPEC+ and the Art of Oversupply: More Oil Than Sense?
OPEC+ decided to flood the market with more oil. It's like they're trying to drown the economy in black gold. And Trump is talking about how tariffs are great. News flash Trump the world doesn't revolve around Truth Social posts. Higher prices for businesses? Slower economic activity? Sounds like someone needs a refresher course in Economics 101. Alfred remind me to add that to his Christmas list next year. Maybe then he'll understand that economic policy is more than just a tweet... I mean 'truth' post.
Recession Odds Skyrocket: 60% Chance of Economic Doom!
JPMorgan has raised the odds of a recession to 60%. Sixty percent! Even Two Face would be sweating over those odds. This is not the time for political games or half measures. This is the time for strategy for clear thinking. I need to look at this JPMorgan assess their data. I need to know what we're up against.
Bank of America's Bleak Outlook: An 'Eye Watering' Surplus
Bank of America sees the trade war cutting oil demand growth in half while OPEC+ cranks up production. The result? An "eye watering" surplus of 1.25 million barrels per day. Seems like someone forgot the First Rule of Economics: supply and demand are not just suggestions. This isn't just about money. It's about livelihoods. It's about the future of my city of this country.
Goldman Sachs Lowers the Boom: 2025... and Beyond!
Goldman Sachs is predicting even more pain lowering their oil price forecast for 2025 and 2026. They're basically saying 'Buckle up folks it's going to be a bumpy ride.' Thanks Goldman. That's exactly what everyone wanted to hear. It is a bad joke.
The Shale Shock: Is This The End for US Oil Producers?
U.S. shale producers are already feeling the heat. At $60 per barrel some are already below the break even point. Go below $55 and the Permian Basin becomes an economic wasteland. "The potential for this to overshoot to the downside is pretty significant," says Jeff Currie. Undersupply? Oversupply? Tariff wars? All the things I hate. Alfred get the jet ready. I'm going to Washington.
oil prices Trump tariffs recession OPEC+ trade war energy market West Texas Intermediate Brent crude JPMorgan Goldman Sachs
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nannypam
Get ready for higher gas prices... again.
WorkSourceOwensby123
I'm investing in solar.
LILIMOON
Maybe it's time to go back to horses.
hecthorboo
I blame the politicians.
dlynndesigns
I don't trust any of these economists.
xxprettynekoxx
Is anyone actually surprised by this?
becks
The economy is doomed!
lifecoach
OPEC+ needs to chill out.