Sentences with phrase «devastating oil shocks»
Not exact matches
In the past, oil shocks emanating from the Middle East have led to devastating recessions.
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Read more about the Gulf oil spill: BP Gulf Oil Spill Cheat Sheet: A Timeline of Unfortunate Events Gulf Spill Exclusive: Shocking Marine Life Destruction and Angry Locals (Slideshow) Less Than 1 % of Oil - Soaked Birds Survive Gulf Oil Spill: Amazing and Devastating Phooil spill: BP Gulf Oil Spill Cheat Sheet: A Timeline of Unfortunate Events Gulf Spill Exclusive: Shocking Marine Life Destruction and Angry Locals (Slideshow) Less Than 1 % of Oil - Soaked Birds Survive Gulf Oil Spill: Amazing and Devastating PhoOil Spill Cheat Sheet: A Timeline of Unfortunate Events Gulf Spill Exclusive: Shocking Marine Life Destruction and Angry Locals (Slideshow) Less Than 1 % of Oil - Soaked Birds Survive Gulf Oil Spill: Amazing and Devastating PhoOil - Soaked Birds Survive Gulf Oil Spill: Amazing and Devastating PhoOil Spill: Amazing and Devastating Photos
Although the U.S. economy is more stable and stronger than it was in the 1970s, when it was devastated by oil price shocks in 1973 and again in 1978 — 79, it could slip into recession in the same way it did coming off the Gulf War oil price shocks in 1990.