[MJS]

I work in Engineering design in the oil and gas field, and generally have found in the past that recessions in this game are 100% out of sync with the general economy, due to long lead times etc.. in other words, when the economy is flying, there's often a shortage of work in this industry... Right now we're busier than ever, there's more work than I can remember in the last 15 years..

I think the high oil price will continue to hammer western economies, maybe not into recession but all energy bills are on the rise and that hurts everyone - businesses and customers