Oil price continues to slide despite lowest inventory in decades

World demand is decreasing; other nations economic conditions are in bad shape; yhe US is aabout to really feel the pain.
Cc debt all time high

I want certain stocks I own to go up, of course I don't want prices to be high but I have no control over that.

Some are diversified in ways that that actually tends to benefit them. If you have the funds available I’d recommend looking to see how you might, too, benefit from such a strategy.

It’s still really high. And this is with continued SPR releases that will be ending shortly.

Soon…

None of it makes sense and the US Government is keeping prices artificially suppressed. I believe this is going to end in disaster and for that reason I'm staying bullish on O&G.

I may be biased just based on my portfolio and am looking to confirm my biases everywhere, but I think the tale has been diesel prices. They have remained extremely elevated while oil and gas have both fallen. If you want some confirmation bias, I'd recommend listening to Episode #450 of the Meb Faber podcast with Harris Kupperman. He lays the situation out perfectly.

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What the hell is with the divergence in price going on? Did I miss something in the news this morning or there is that much pessimism about the coming recession?

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Its strange. Should be $120. Hell, it could go to $200 and that wouldn't change much on the supply side. I'd be surprised if we (Louisiana) weren't paying $5+/g for regular unleaded next Summer.

Big time recession is incoming, we've already started it. Demand will go down, but i don't think supply can sustain regardless.

I took all my profits on energy, waiting for the market to overcorrect to the downside on recession, and i'm buying with both fists. I try to stay diversified, but i just don't see how energy(especially at a buying opportunity) doesn't make huge gains in the next 5 years. I'll probably go overweight to hell on oil if we get that recession pullback early next year.