Yes, We Should Still Prepare for Recession at Any Moment
Nicole Dieker

We have a not-so-secret weapon in regard to oil prices: hydraulic fracturing, aka frakking. Oil prices have a price ceiling of around 60 dollars per barrel because that’s the point at which the vast majority of frakking wells are profitable.

The next recession may very well be around the corner, but it won’t be caused by high oil prices. Today’s economy relies less on oil than at any other point in contemporary history.

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