Quote from Savings Beagle on August 4, 2022, 3:04 pm

Energy - oil, gasoline, natural gas - will play a large part in what happens with the economy - not only the U.S. economy but global economies as well - as we move into the final half of 2022 and 2023.

The U.S. is seeing a slowing of various economic indicators as we begin the third quarter of 2022.  And while the prices of oil and gasoline in the U.S. are indicating lower - a positive on its face - it's important to understand, at least in part, why those prices are dropping.  Fear of a global recession where oil and gasoline demand will drop is a large factor. 

Even with the current lower oil and gasoline prices, we're still well above levels that the global economies are used to...especially in Europe.

Without a seismic change in a wide variety of economic, political and geopolitical arenas, and quickly, the downward trend will continue for many of the global economies.

CNBC's Brian Sullivan is one of the better voices when it comes to the energy industry and how related policies and actions can affect everyday citizens. I follow him on Twitter to get his latest takes.  His views are always well thought out and based on factual information, leaving out the hyperbole that's too often found in some reporting.  Plus he adds in some interesting tidbits that can make his feed entertaining.  He doesn't post a lot to Twitter, but when he does it's usually worth a look.

If you have a Twitter account, you can follow him at the link below.  Or, if you're a really early riser, you can catch him on CNBC Monday-Friday (5 a.m. - 6 a.m.) when he hosts "Worldwide Exchange."

Brian Sullivan's Twitter Account

Take a few minutes to scroll back through his feed for previous thoughts both energy-related and other.  I'm going to bet his feed will be enlightening in the coming months.