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Will Oil Cause the Next Recession?

Shilling, Gary, (2015), “Will Oil Cause the Next Recession?”, Bloomberg View, 2 Σεπτεμβρίου

If oil prices take another dramatic slide, as I believe they will, who wins and who loses? And could plummeting oil prices sow the seeds of the next recession?Oil-importing countries are obvious winners from falling crude prices. That includes the U.S., where — despite a surge in domestic production — imports still account for nearly 50 percent of petroleum consumption.

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