redlightning
Banned
Find a way to prevent the global cost of petroleum from rising dramatically during the first decade of the 2000s and harming the world economy.
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Find a way to prevent the global cost of petroleum from rising dramatically during the early 2000s and harming the world economy.
Find a way to prevent the global cost of petroleum from rising dramatically during the early 2000s and harming the world economy.
Find a way to prevent the global cost of petroleum from rising dramatically during the early 2000s and harming the world economy.
Uh, what time are we talking about? Oil prices did climb in the late 1990's, but from 2000 to 2003--which is what I'd call "the early 2000s"--they were actually relatively stable, no doubt at least in part because the recession had reduced demand.
http://upload.wikimedia.org/wikipedia/commons/a/a9/Crude_oil_prices_in_dollar_and_euro.png
It was in the mid-to-late 2000's they increased (with an especially huge, but very short-lived, spike in the summer of 2008--people have forgotten that for a while it seemed that *that* would be the big economic issue of 2008...). That increase did not prevent the economy from prospering in 2004-2007 and probably did not play much of a role in causing the subsequent Great Recession (which was due more to housing and financial bubbles).
Uh, what time are we talking about? Oil prices did climb in the late 1990's, but from 2000 to 2003--which is what I'd call "the early 2000s"--they were actually relatively stable, no doubt at least in part because the recession had reduced demand.
http://upload.wikimedia.org/wikipedia/commons/a/a9/Crude_oil_prices_in_dollar_and_euro.png
It was in the mid-to-late 2000's they increased (with an especially huge, but very short-lived, spike in the summer of 2008--people have forgotten that for a while it seemed that *that* would be the big economic issue of 2008...). That increase did not prevent the economy from prospering in 2004-2007 and probably did not play much of a role in causing the subsequent Great Recession (which was due more to housing and financial bubbles).