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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 03/13/2011 : 18:03:53
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"The effects of the high oil price will soon feed through to the economic bottom line. According to the IEA the OECD nations spent USD 790bn on oil imports in 2010, i.e. USD 200bn more than in 2009. Jeff Rubin contends that the oil price increase in 2008 triggered the financial crisis and that the mortgage crisis was only a symptom of the high oil price."
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Will oil increases trigger recession
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