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.