Tag Archives: asphalt

How High Oil Prices Lead to Recession

Posted on January 24, 2013 by Gail Tverberg

There is ample evidence that spikes in oil prices leads to recession, at least in the US, which is an oil-importing nation. James Hamilton has shown that 10 out of the last 11 US recessions were associated with oil price … Continue reading →

Posted in Financial Implications | Tagged , , , , , , , , | 85 Comments