Blending the Economic Aspects 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 rates, possibly reaching $150 per barrel. This rise might cause a substantial financial decline, echoing the results 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 decline might result in a decrease in the Dow Jones index similar to a 45% fall experienced throughout the 1974 economic crisis, corresponding to a drop of over 15,000 points from existing levels.

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