OIL : The key Indicator to the Next Recession

TVC:USOIL   CFDs on WTI Crude Oil
The last weekend Audi Sarabia's drone attack who shut down half of the production make the price gap + 6$ and it's still rising.

Some may know that capitalism already died back in 2008, and that since then banks are just holding the hot potato by stratagems like quantitative easing and playing with rates which allowed the economy to keep going. But at which cost ? The consumption of natural fossil resources kept its exponential growth while the supply is limited. Our society has become such a complex organised network around one primary ressource : TVC:USOIL , to the point that if truck drivers stop working for 3 days, the cities are left foodless (the wallmarts will be empty).

Okay okay, then if Oil is limited and so important, why isn't the price going up, why isn't people bying it ?

I see you coming. It's way more complex than that. It has been 40 years that people have been saying "we have 40 years left of oil". And today, in 2019, there's still no sign of some kind of "final date". The price is still kind of stable.
Why ? Some part of the answer is in the technology. But it also has a limit. So there's something else.
The demand keeps rising, so does the production.

So If we ask ourselves, this simple question: "Can we reduce the production, if the supply was to empty itself ?"
The answer is terrifying. The truth is that even if the people in charge of the OIL production wanted to stop it, they CANNOT. Simply because it would kill millions of people in a matter of days. The price would go up at once. In a single day. They just can't do that. It's a deadly button no one can press.

So they cannot stop the production. Too many people are relying on Oil , and aren't prepared to live without it. Me included. I wish schools would teach children how to survive without oil , but they just condition them into a nice ignorant consumerist corporate slave. But this is another topic..

So what does this all means ??
> We know that some day the supply (and production) will fail to answer the still growing demand. It could be in 40 years, it could be tomorrow. We do'n't know when, but we know it will happen.
> When it will happen, due to our over-connected global supply chains, everything will stop very quickly, in a matter of days. It will be a systemic global collapse.

You'd better be prepared and already have stocked a few gallons, which is illegal in most countries by the way, lol.

There won't be "a next recession". It's going to be much harder than that.

Here as long as we stay below the 80$ resistance level , we should be fine. But if we were to cross that line upwards, then I'll start being concerned.

This is not financial advice. There is no proof that what I wrote is the truth. I don't work at Sinopec or Total. I am just trying to understand the world I live in and what future am I left with, lol.

I'll be looking to your comments since as your may have understood if you read until here, I am looking for answers. Thank you.

Indicator used: Automatic Support/Resistance + Fibonacci levels
Automated Strategies with Backtest and Alert Setup

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