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Posts tagged “depression”

By Robert Rapier on Jul 12, 2010 with 15 responses

Oil Prices, Recession-Depression, and Investment

The following is a guest essay by Kevin Kane. Kevin is the author of the Energy Fanatic Blog. Oil Prices, Recession-Depression, and Investment Low Oil Prices Foster Future Oil Price Peaks By Kevin Kane As the global economy stalls, some economists including Paul Krugman argue that unless governments take action now, we risk slipping into a period of recession, or possibly even depression. If the world economy does double dip, ceteris paribus, oil prices will decrease following weak consumer demand. Should this double dip turn into a recession, or even worse, a depression, its long term impacts on oil supply additions and renewable energy innovation will be considerably negative. Low oil prices are in general bad for consumers over the… Continue»