Re:The sky's gone dark
by marcosdumay on Thursday October 01, 2015 @05:21PM
(#10314833)
You may not have noticed, but about the entire world has stopped growing by now.
Everything looks like growth will resume, but in a different way, and conditioned to a different social organization.
That's not because of high oil prices, it's because of financial chaos and general market turmoil. The oil boom across the Dakotas collapsed, but not because of lack of oil....?
Something like this? http://twincharts.com/dow-jones-oil.html
I'm pretty sure at least some future economic historians will argue that what really killed the economy in 2008 was the "superspike" in energy prices.
What trauma do you mean?