The True Cause of Recessions: OIL
By Douglas A. Stansfield
Recently I had the opportunity to speak at the annual Pennsylvania Energy Festival (http://www.paenergyfest.com/
) 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.
My initial analysis looked at the recessions that have happened within my lifetime...