Will we soon be in a recession?

[darthdimsky]

@Trendswithbenefits

Living costs have increased globally, Oil and Natural Gas supplies have been artificial choked by slowing Middle Eastern Oil production, the United State’s failed energy policies and another Balkan war and sanctions on Russia.

There’s also decreased refinery capacity, that was culled during the the pandemic. Atleast going by the IEA reports, that were briefly discussed here:

Who has this happened too before?!

The dynamics and geopolitical landscapes have changed significantly from previous instances to generalise observations IMO. That’s historically been the case. For the first time the past few years demand outstrips supply (red highlight), while projected demand is expected to hit levels in 2019 (green highlight) [Oil supply_demand] Disagree. The EU’s announcement on oil sanctions is in direct opposition to currying Russian political favor. If anything, announcing it early is a favor to Russ…

Edit: The slowing ME production might be debatable though. The numbers provided show non Arab members in OPEC not meeting their targets as of recent atleast (also discussed). But it’s not like I’ve compared Arab production in the past to present levels.