At What Price Will Oil Break the U.S. Economy?
Former Global Chief Economist for JPMorgan Chase (Ph.D in Economics) & Current Global Keynote Speaker
The question of what price West Texas Intermediate (WTI) crude oil must reach to trigger a U.S. recession may initially seem to have a simple numerical answer. Many economic analysts have pointed to thresholds of $100, $120, $130, or even $150 per barrel as key levels where economic harm might become unavoidable. Howe…
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