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re: Crude above 50
Posted on 12/1/16 at 1:13 pm to CatsGoneWild
Posted on 12/1/16 at 1:13 pm to CatsGoneWild
quote:
Someone is going to hurt either way, but a lot more people hurt when oil is high.
It is all relative and it truly depends on why oil is high. Oil isn't high just for shits and giggles, because if it was, oil companies would just snap their fingers and bring it back to $120/bbl. More often than not, higher oil prices are the result of economies that are taking off and increased demand. High oil isn't a good thing by itself, but if its high it usually means good things for global demand.
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