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The Real Reason for USA based Economic Recessions.

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There have been 5 recession since then until now and I wanted to see if Oil had anything to do with them, because deep in my heart, I knew the most recent recession was directly caused by the oil price spikes that started in 2007 and peaked in 2008. OPEC quadrupled the price of oil and the US quickly fell into recession.

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Oil Prices Running Out Of Reasons To Rally

Green Car Congress

Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. The gains in the rig count come even as oil prices have held steady in the mid- to low-$50s per barrel. The pace and magnitude of each trend will ultimately drive oil prices one way or the other.

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Landsat Proved the Power of Remote Sensing

Cars That Think

Within a few months of the sales, however, global food prices soared by 50 percent, and U.S. The Defense Mapping Agency also regularly used Landsat data for terrain analysis in Kuwait during the Gulf War with Operations Desert Shield and Storm. farmers estimated a profit loss of $462 million (about $3.2 billion in today’s dollars).

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