Every time oil spiked in the last 30 years, recession came.

Discussion in 'Energy Futures' started by enrick71, Feb 28, 2003.

  1. enrick71

    enrick71

  2. omcate

    omcate

  3. perhaps you don't know the definition of "recession" then...
     
  4. Stupid oil price ! Why didn´t you spike in year 2000 ? :p
     
  5. i think it did:

    "Again, recession. And then there was that jump in 2000, when oil went from $25.50 a barrel at the beginning of the year to a high of $36 in November. In March 2001, a recession began."
     
  6. Huh, there was no war with Irak in Nov 2000. Why did oil price move up to 36$ ? :confused:
     
  7. nitro

    nitro

    I agree.

    nitro