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...