Oil and a Never-Ending Recession
Higher oil prices mean recessions, recessions mean less consumption, then lower oil prices, which leads to less exploration and supply, which leads to higher oil prices and recession again.
Higher oil prices mean recessions, recessions mean less consumption, then lower oil prices, which leads to less exploration and supply, which leads to higher oil prices and recession again.
Independent | Steve Connor | Posted 09.02.2009 | World
The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world ...
Mark Cooper | Posted 01.02.2009 | Green
Now that the speculative bubble in commodities has burst and with the global economy moving into recession, crude oil and gasoline prices are plummeting.
AP | TAREK EL-TABLAWY and ADAM SCHRECK | Posted 12.30.2008 | Business
CAIRO, Egypt — OPEC held off on announcing new oil output cuts on Saturday, but its alarm over falling demand and a slumping economy potentially...
AP | ALEX KENNEDY | Posted 12.21.2008 | Business
SINGAPORE — Oil prices fell to a 3-year low below $49 a barrel Friday in Asia as plunging stock markets, driven down by more bad U.S. economic n...
AP | MADLEN READ | Posted 11.22.2008 | Business
NEW YORK — Oil prices tumbled below $67 a barrel to 16-month lows Wednesday after the government reported big increases in U.S. fuel supplies _ ...
AP | STEVENSON JACOBS | Posted 11.10.2008 | Business
NEW YORK — The stunning collapse in oil markets accelerated Friday, sending a barrel of crude plunging below $78 as investors grow more pessimis...
AP | STEVENSON JACOBS | Posted 10.03.2008 | Green
NEW YORK — Oil prices plunged to the lowest level in five months Tuesday, falling to within sight of $100 a barrel on signs that Hurricane Gusta...
AP | STEVENSON JACOBS | Posted 09.07.2008 | Business
NEW YORK — Oil prices jumped back above $120 a barrel Thursday, halting a steep three-day slide after Kurdish rebels claimed responsibility for ...
AP | MADLEN READ | Posted 08.13.2008 | Business
NEW YORK — Oil traders sent crude prices tumbling as low as $118 a barrel Tuesday on the growing belief that a U.S. economic slowdown and high e...
AP | JOHN WILEN | Posted 06.24.2008 | Business
NEW YORK — Crude oil futures swung wildly on Monday, rising to a record and then tumbling as investors wrestled with whether they should put sto...
New York Times | CLIFFORD KRAUSS | Posted 03.28.2008 | Business
The economies of many big oil-exporting countries are growing so fast that their need for energy within their borders is crimping how much they can se...
Diane Francis | Posted 09.16.2009 | Business