Tag Archives: high oil prices

2013: Beginning of Long-Term Recession?

We have been hearing a lot about escaping the fiscal cliff, but our problem isn’t solved. The fixes to date have been partial and temporary. There are many painful decisions ahead. Based on what I can see, the most likely … Continue reading

Posted in Financial Implications, Food issues, Planning for the Future | Tagged , , , , , , , , , , , , , , , , | 158 Comments

Understanding Our Oil-Related Fiscal Cliff

The United States’ fiscal cliff is very much related to several changes we have been going through recently, and will likely continue to experience: High oil prices (more than triple their level ten years ago). High oil prices cause people … Continue reading

Posted in Energy policy, Financial Implications, News Related Post | Tagged , , , , , , , , | 157 Comments

Lower Oil Prices–Not a Good Sign!

Are lower oil prices good news? Not really, if it means the world is sinking into recession. We know from recent past experience and from common sense that higher oil prices are a drag on oil importing economies, since if … Continue reading

Posted in Financial Implications, News Related Post | Tagged , , , , , , | 30 Comments

Where do continued high oil prices lead us?

We know high oil prices have an adverse impact on the economy, often leading to recession. According to Economist James Hamilton, 10 out of 11 of US recessions since World War II have been associated with oil price spikes. But … Continue reading

Posted in Financial Implications, Planning for the Future | Tagged , , , , , , | 67 Comments