“Healthy price range,” they say—sure, if you’ve suffered a head injury. Brent’s limping below $70, which would’ve been underwhelming even years ago, but adjusted for today’s inflation-clogged reality? It’s practically a joke. We’re talking about the real price of oil being around $47 in 2010 money—and even less if you go further back. So let’s cut the nonsense: is $47 a “high” price for crude? Not unless you’re hallucinating. And yet, somehow, the oil industry is still standing, still functioning—despite rock-bottom prices and regulatory shackles that bleed them dry. That’s not a market—it’s a miracle. The fact that anyone in the sector is calling this situation “healthy” says more about their pain tolerance than the actual economics. Good news for the world, maybe, but don’t expect it to last. The global economy is a walking corpse propped up with central bank duct tape, and that illusion is wearing thin fast. OPEC? They’ve got no cards left, so of course they slap on a brave face and keep marching like nothing’s on fire. What else are they going to do—admit the party’s over?
