Archive for June 29th, 2008

Is the high price of oil the reason our economy is in a recession?

Sunday, June 29th, 2008
oil price
sanctus.angel asked:


President Bush said during an interview that the reason food prices are sky-rocketing is due to the fact that a barrell of oil is $126. How do food prices appertain to oil prices and why does the economy revolve around oil?

Tara
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