Oil Hits $100 -- Is It About To Kill The Economy Again?

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Wednesday, November 16, 2011 Oil Hits $100 -- Is It About To Kill The Economy Again? The big news of the day: OIl has once again hit $100 per barrel. Unfortunately this comes at a time when the economy is behaving unimpressively already. And in fact, there's a decent history of oil price spikes preceding recessions. It's not every recession, and not every oil surge has caused a recession, but as you can see in this chart of monthly crude prices going back a few decades, there's definitely a relationship between the spikes, and the grey shaded bars that indicate recession. Note: This monthly chart from the St. Louis Federal Reserve is not updated with the current price. The point is to show the history of oil spikes and recessions. Read » Also On Money Game Today: Rambus Loses $12 Billion Case, Shares Tumble 60% This Chart Shows What An Incredible Year The American Market Has Had What Inflation Really Means To Your Household Moody's Just Downgraded 10 German Banks Advertisement CHART OF THE DAY: Proof That Fannie And Freddie Didn't Cause The Housing Bubble CHART OF THE DAY: One Huge Reason The Stock Market Isn't Cheap... CHART OF THE DAY: Unemployment For Gulf War-II Veterans Is Appalling Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.wyldside@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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