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The last time oil crashed
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idea1947
Posted 12/12/2014 20:55 (#4236628 - in reply to #4236455)
Subject: RE: The last time oil crashed


Not much.  Briefly, the Great Recession was not a result of a drop in oil prices but vice-a-verse. And today's oil price skid is largely the result of a global oil glut exasperated by a North American shale oil boom, not a drop off in economic activity.

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