Blending the Economic Components for Petroleum to Rise to $150 and Dow 20,000: Rickards

The intensifying stress in Ukraine and Gaza might possibly set off a sharp boost in oil costs, possibly reaching $150 per barrel. This rise might cause a considerable financial recession, echoing the impacts of previous oil crises. In addition, these geopolitical disputes may speed up an extreme drop in the Dow Jones index, comparable to previous financial depressions triggered by comparable occasions. For example, an extreme recession might result in a decrease in the Dow Jones index equivalent to a 45% fall experienced throughout the 1974 economic crisis, relating to a drop of over 15,000 points from present levels.

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