TEES
Addicted Tee
ADDICTED TO OIL
The global financial crisis is a direct result of the price of crude oil.
Peak oil has happened. It occurred in 2008 and was directly linked to the GFC. Oil, and therefore petrol, became more costly, so those Americans already stretched by mortgages couldn't pay and, as such, went broke. Large financial organisations such as Lehman Brothers collapsed, triggering the crisis.
If you look at the history of economic recessions in the last 50 years you will see that most are preceded by a rise in the price of energy. But we have never seen anything on this scale in the history of mankind. They worst is yet to come. - California State University lecturer.
FOR MY PART, WHATEVER ANGUISH OF SPIRIT IT MAY COST, I AM WILLING TO KNOW THE WHOLE TRUTH; TO KNOW THE WORST AND PROVIDE FOR IT. - PATRICK HENRY (1776)