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How High Oil Prices Lead to Recession
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 asphalt, diesel, gasoline, government deficits, high oil prices, hydrocracking, jet fuel, oil prices, recession
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