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makes sense, if you think the bottom's gonna fall out of the economy, energy usage usually goes with it.
by paulmd 5y ago
makes sense, if you think the bottom's gonna fall out of the economy, energy usage usually goes with it.
- short_sells_poo 5y agoYes this is exactly the point. In march, energy prices shot to demand destroying levels and at that point even if the prices would continue to increase near term, it was obvious that consumers (ie industry, production) will start scaling back as their profit margins are eaten by energy costs.