Replies to post #99364 on Mohacsy's Safe Portfolio Member Forum

[Elroy Jetson]

If OPEC members prefer a steep decline in revenues due to a recession they'll continue to stand with Putin.

Already the UAE, ironically the new favorite home of wealthy Russians, wants to immediately increase the quantity of oil for sale to offset Russia's losses.

Of course this means the end of OPEC+ (plus being russia) but these things happen.

[10nisman]

Attached is a chart, (from John Mauldin), that makes a point I've been making for 20 years. Exceptionally high energy prices trigger recessions.

When was the last time oil prices actually triggered a recession? Dot.com crash / Sept 11th = Nope, Great Recession = Nope, COVID = Nope

To think oil prices will trigger the next or any future recessions is comical unless of course you think oil prices are headed to multiples ($250+) of the current price and will remain at those levels for extended periods of time.