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The Real Reason for USA based Economic Recessions.

DIY Electric Car

NOVEMBER 28, 2010

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. This increase in oil prices again pushed the economy into a recession.

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USA Oil Prices Oil 2001 180
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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

APRIL 30, 2009

Skalny, Director, US Army TARDEC shared the following insights on fuel usage within the Department of Defense (DOD): Every $10/barrel increase in oil prices adds $1.3 The operations in Kuwait and Iraq use approximately 431 million gallons of fuel per year. billion/year to the DOD’s fuel bill. —Bill Cooke.

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Congress 2009 Cash For Clunkers Li-ion 150
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