The Real Reason for USA based Economic Recessions.
DIY Electric Car
NOVEMBER 28, 2010
For more information about the concept of Peak Oil please visit [link]. This was mild in comparison to the prior two recessions however there was still high unemployment and raising interest rates. 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.
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