Wednesday, August 14, 2019

If the price of oil spikes it will drive a recession or depression much faster worldwide

Why?

The average person does what they do in a mobile way based mostly on the cost of oil and gas and diesel. When the cost of gas or diesel in any country goes up people cannot afford to travel as far for work or school as before because they have to figure in if it is worth going to a job or school depending upon the expense of getting there, buying food, buying clothes, feeding their children buying shelter. So, as oil spikes mobility of the average person reduces significantly worldwide and would tend to create a recession or a depression faster as the net effects spread around the world.

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