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.

https://lemmy.zip/post/60756699

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. - Lemmy.zip

Lemmy

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.

Right, but was it a correlation or causation?
Let’s find out!
Need a larger sample size