Network for the Environment and Social (Human) Security

Posts Tagged "Oil Prices"

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And Yet Another Financial Crisis

Posted by on Aug 13, 2010 in Ecology | 7 comments

And Yet Another Financial Crisis

On the June 28, 2010 issue the Time magazine published an article called The Other Financial Crisis. The gist of it being, that many states and municipalities in the USA are still suffering from the financial crises which started in the summer of 2008. And no end is in sight! The interesting point is that preceding the crisis Oil Prices rose to 147 US-Dollar per barrel. As compared to 17 US-Dollars per barrel in 1999 and, and after some ups and downs to 70$ a barrel in 2009. The high petroleum...

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