Oil and a Never-Ending Recession
Read More:
Energy,
Saudis,
Crude Oil Prices,
Peak Oil,
Supply and Demand,
Oil,
Environment,
Oil Prices,
Oil Demand,
Gasoline Usage,
Green Energy,
China,
Opec,
Recession,
Oil Consumption,
Business News
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.
Diane Francis | Posted 11.16.2009 | Business