1.0Sightline Institutehttps://www.sightline.orgAlan Durninghttps://www.sightline.org/profile/alan-durning/Oil Addiction and Recession - Sightline Instituterich600338<blockquote class="wp-embedded-content" data-secret="GAX2GwoyAk"><a href="https://www.sightline.org/2008/10/13/oil-addiction-and-recession/">Oil Addiction and Recession</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.sightline.org/2008/10/13/oil-addiction-and-recession/embed/#?secret=GAX2GwoyAk" width="600" height="338" title="“Oil Addiction and Recession” — Sightline Institute" data-secret="GAX2GwoyAk" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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Poorly regulated real-estate lending wasn’t the only cause of the economic meltdown now gripping the industrial economies. Oil addiction also contributed. The extraordinary rise in oil prices since 2003 has sucked hundreds of billions of dollars out of the US economy (and the Cascadian economy). High oil prices have been a contributing cause of most […]http://www.sightline.org/wp-content/images/legacy/oilpriceschart-e444a2847d7b95709b0f44e5fc220b83-preview.gif