Global recession spells out the OIL game

Crude OIL is an essential feedstock to the global economy. When the economy goes into recession OIL usage plummets as the structure of production recalibrates to account for misallocated resources. OIL heavy industries scale back, travel scales back, people save money and travel less. 2019 will be the beginning of a new 10 year cyclic recession period. The first since the GFC in 2008/9. Therefore we expect OIL prices to go down significantly.