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The Real Reason for USA based Economic Recessions.

DIY Electric Car

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. The oil price continued to increase all the way into the middle of 2008.

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

How did the high fuel prices impact customer behavior in 2008? The operations in Kuwait and Iraq use approximately 431 million gallons of fuel per year. Crane also mentioned that one-quarter to one-third of the cost of a battery system is the packaging, integration and electronics. The cells make up the remainder.

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