6 Of The Last 8 U.S. Recessions Were Preceded By Oil Price Spikes – Damage To Saudi Oil Industry Could Take “Months” To Repair Steve Watson Posted on September 17, 2019 Posted in Aggregated No Comments Tagged with Economy, Featured Stories, Tile When the price of oil rises dramatically, that tends to be really bad for the U.S. economy. Share this:Share Share on Facebook (Opens in new window) Facebook Share on Reddit (Opens in new window) Reddit Share on X (Opens in new window) X Share on LinkedIn (Opens in new window) LinkedIn Email a link to a friend (Opens in new window) Email