What 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.
What 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.
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.