Tag Archives: caused

Did you know? Henry Ford caused the petroleum era

Posted on June 1, 2010 by admin

Henry Ford, who caused the petroleum era. By JERICAN for OIL-PRICE.NET, 2006/12/28 In 1878 Thomas Edison invented the first electric light bulb. This single invention proved to be so popular that it caused a major recession in the oil industry. … Continue reading →

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Crude oil at $145 a barrel caused the financial crisis?

Posted on June 1, 2010 by admin

By GIUSEPPE MARCONI for OIL-PRICE.NET, 2009/11/18 Everyone has been concerned by the recent global economic crisis. In the United States and Europe the newspapers are full of stories of those who have lost their houses and businesses. Elected officials from … Continue reading →

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Oil Caused Recession, Not Wall Street

Posted on May 30, 2010 by admin

The idea that oil shocks resulting from Peak Oil may cause large economic disruptions is not new. By TOM THERRAMUS for OIL-PRICE.NET, 2010/01/20 This essay brings a new perspective on the subject of the article oil-price.net titled “Did High Oil … Continue reading →

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High oil prices may have caused the economic collapse of 2008

Posted on May 25, 2010 by admin

By STEVE AUSTIN for OIL-PRICE.NET, 2009/01/05 It took only 5 months for the price of oil to plummet from $150 to under $40 in the second part of the year. Meanwhile oil consumption did not even decrease 10%, so what … Continue reading →

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