Hilltopper89

Reference the date of this article. This has been going on for at least a year and a half and it appears to be working to some extent. See companies like Magnum Hunter whose stock price dropped 95% in the past 8 months and who was recently delisted from the exchange. These smallish U.S./Canadian oil exploration companies and drillers can't afford cheap petroleum for very long.

This said, I take little stock in what one analyst says about the chance of a recession. Sure, it might happen, but we can't base all our financial decisions based off analysts.