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Finding and extracting oil is expensive. No wonder it’s slowed down. Photographer: Andrey Rudakov/Bloomberg


How This Economic Recovery Ends

How This Economic Recovery Ends

by | Jun 16, 2017 | Business, Opinion

Every boom in the US economy is different, but over the past several decades, each has ended the same way. First you get full employment. Then you get a spike in the price of oil. And then there’s a recession. The US hit full employment in August 2015. And yet...