JEFF RUBIN
What do Triple Digit Oil Prices Mean for Growth?
Can we still expect to see sustained economic recoveries when oil, the world’s principal source of energy, is trading in triple digit range?
As I argued several years ago in my book, “Why Your World Is About To Get A Whole Lot Smaller”, triple digit oil prices will redefine our notion of an economic recovery because as soon as the global economy picks up, oil prices will quickly soar to levels that challenge growth.
