(EnergyAsia, April 22, Wednesday) — Last year’s skyrocketing oil prices peaking at more than US$147 per barrel in July may have helped set off the global financial crisis. Research by University of California San Diego economist James Hamilton has set the case for an oil-induced economic crisis as record gasoline and fuel prices caused many…
MARKETS: Last year’s oil price spike may have triggered global financial crisis
Posted on April 21, 2009 by EnergyAsia