Steven Van Metre: Oil’s Dire Warning to the World, Global Recession Imminent

When you hear “oil glut,” you might instinctively picture overflowing reserves and cheap gas – a sign of prosperity, perhaps? But a recent critical analysis by Steven Van Metre challenges this notion, presenting a starkly different and far more concerning reality. According to his insights, the current excess of over one billion barrels of oil floating at sea isn’t a sign of abundance; it’s a flashing red light warning of a collapsing global economy. Unlike previous oil surpluses often sparked by price wars among producers, this particular glut is driven by a much more insidious force: weakening global demand. The culprit?…