Oil price and recession - history may repeat

Besides media's comments on how lower oil price is helping the consumers and business, we should not overlook what has happened in the past when oil price got crushed. Ignoring history is a preparation for the same kind of mistake. History says that a sharp decline in oil price is a pre-requisite for recession. Given the improving economic situation of the US, it is hard to believe that a recession is likely. But, we need to hold our positions tied and keep the stop closer. Lock in any profits.