6 Of The Last 8 U.S. Recessions Were Preceded By Oil Price Spikes – Damage To Saudi Oil Industry Could Take “Months” To Repair Prison Planet.com Posted on September 17, 2019 Posted in Aggregated No Comments Tagged with Money Watch Michael Snyder | 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