The Real Reason for USA based Economic Recessions.
DIY Electric Car
NOVEMBER 28, 2010
All of the recessions listed above were caused by oil except the early 2000 recession that was caused by September 11th, 2001. It took the Iraqi invasion of Kuwait and the oil price rising from $21/barrel in August 1990 to $46/barrel by the middle of October. The economy was slowed by their actions but it didn?t t stop the economy.
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