Thanks in advance and sorry for any english mistake.
Define “oil crisis”
What happened in 2008 when prices rose over 100% between January and July, due to speculative movements on a global level.
The Oil-Price Bubble
June 02, 2008 by Frank Shostak
(gotta love the Mises Daily)
And just for fun:
Economic Outlook 2008: Darkening Clouds
January 02, 2008 by Dominick Armentano
Supply Side Economics vs. Austrian Economics just before recession
uh oh…gettin slow there, cowboy? ![]()
JJ,
Would appreciate your opinion on these two posts:
Perhaps you should reply there, so as not to hijack this thread.
This article provides a detailed explanation, compatible with Austrian views: http://www.atimes.com/atimes/Global_Economy/MH30Dj02.html