Canaii@lemmy.zip to Fuck Cars@lemmy.worldEnglish · edit-227 days agoWhat happens if oil hits $200 a barrel? Alberta or Texas will be fine. But economies that don't produce oil are screwed. Especially those that depend on cars. www.theatlantic.comexternal-linkmessage-square63linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkWhat happens if oil hits $200 a barrel? Alberta or Texas will be fine. But economies that don't produce oil are screwed. Especially those that depend on cars. www.theatlantic.comCanaii@lemmy.zip to Fuck Cars@lemmy.worldEnglish · edit-227 days agomessage-square63linkfedilink
minus-squarequeermunist she/her@lemmy.mllinkfedilinkEnglisharrow-up0·27 days agoOil peaked at $147.27 in July 2008; adjusted for inflation that’s $223.53 today. Lehman Brothers went bankrupt 2 months after oil reached that record high.
minus-squarebirdwing@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up0·27 days agoRight, but was it a correlation or causation?
minus-squarequeermunist she/her@lemmy.mllinkfedilinkEnglisharrow-up0·27 days agoI’m sure it was just a coincidence. 🙂
Oil peaked at $147.27 in July 2008; adjusted for inflation that’s $223.53 today.
Lehman Brothers went bankrupt 2 months after oil reached that record high.
Right, but was it a correlation or causation?
I’m sure it was just a coincidence. 🙂
Let’s find out!