Originally Posted by
LoneStar32
It's not that simple. During the recession of the 00s (Which many consider the worst recession since pre WWII) gas prices were the highest they ever were, even when adjusted for inflation.
Do you have a link to an article? Or chart? I remember prices popping with the rest of the bubbles in late 2008.
Prices were high at the pump in 2010 and 2011, but that was after the recession was officially over.
In the current situation we have an over supply in fuel which threatens to shut down already dug wells. The industry needs more consumption, not exploration.
I get a kick out of Americans talking about American energy independence via oil from Al Berta.