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The Real Reason for USA based Economic Recessions.

DIY Electric Car

The True Cause of Recessions: OIL. Recently I had the opportunity to speak at the annual Pennsylvania Energy Festival ( [link] ) back in September of this year. I was asked to speak about the economic impact of our oil dependency and so I began researching this topic to see if I could draw some insightful conclusions.

USA 180
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Opinion: This Is What Needs To Happen For Oil Prices To Stabilize

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Dan Doyle is president of Reliance Well Services, a hydraulic fracturing company based in Pennsylvania. On September 10 th , the EIA reported a production decline in the Lower 48—essentially shale production—of 208,000 BOPD (barrels of oil per day). And markets won’t wait to adjust pricing until we hit a balance.