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Oil Prices Climb As Libyan Violence Intensifies

Reuters | Claire Milhench | Posted 05.25.2011 | Business

(Reuters) - Crude oil rose on Friday, with Brent pushing toward $116 a barrel, as Libyan security forces began a violent crackdown on protesters in Tr...

How Do Oil Shocks Cause Recessions?

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

Oil prices caused the last recession, and oil prices will cause the next one as well. In fact, this time around, oil prices are rising much earlier.

How Sustainable Is Growth With Triple-Digit Oil Prices?

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

Every major global recession over the last forty years has had oil's fingerprints all over it. So why should we expect our next rendezvous to yield any different results?