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ID: 983342
User: 2.50.22.97
Article: Late-2000s recession
Diff:
(Was? It didn't even finish yet, why "was"?)
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In January 2008, oil prices surpassed $100 a barrel for the first time, the first of many price milestones to be passed in the course of the year.<ref>{{Cite web|url=http://news.yahoo.com/s/afp/20080227/ts_afp/commoditiesenergyoilprice|title= Crude oil prices set record high 102.08 dollars per barrel}}</ref> In July 2008, oil peaked at $147.30<ref name="tfc-charts.com">{{Cite web|url=http://tfc-charts.com/chart/QM/M |title=Light Crude Oil EmiNY (QM, NYMEX): Monthly Price Chart |publisher=Tfc-charts.com |date= |accessdate=2009-01-04}}</ref> a barrel and a gallon of [[gasoline]] was more than $4 across most of the U.S.A. The economic contraction in the fourth quarter of 2008 caused a dramatic drop in demand and prices fell below $35 a barrel at the end of the year.<ref name="tfc-charts.com"/> The high of 2008 may have been part of broader pattern of spiking instability in the price of oil over the preceding decade <ref>[http://www.energybulletin.net/node/50923 Tom Therramus, (editor, Gail the Actuary) - Was Volatility in the Price of Oil a Cause of the 2008 Financial Crisis? ]</ref> This pattern of spiking instability in oil price may be a product of [[Peak Oil]]. There is concern that if the economy was to improve, oil prices might return to pre-recession levels.<ref>Oil prices and future economic stability http://www.thestar.com/business/article/535378</ref>
 
In January 2008, oil prices surpassed $100 a barrel for the first time, the first of many price milestones to be passed in the course of the year.<ref>{{Cite web|url=http://news.yahoo.com/s/afp/20080227/ts_afp/commoditiesenergyoilprice|title= Crude oil prices set record high 102.08 dollars per barrel}}</ref> In July 2008, oil peaked at $147.30<ref name="tfc-charts.com">{{Cite web|url=http://tfc-charts.com/chart/QM/M |title=Light Crude Oil EmiNY (QM, NYMEX): Monthly Price Chart |publisher=Tfc-charts.com |date= |accessdate=2009-01-04}}</ref> a barrel and a gallon of [[gasoline]] was more than $4 across most of the U.S.A. The economic contraction in the fourth quarter of 2008 caused a dramatic drop in demand and prices fell below $35 a barrel at the end of the year.<ref name="tfc-charts.com"/> The high of 2008 may have been part of broader pattern of spiking instability in the price of oil over the preceding decade <ref>[http://www.energybulletin.net/node/50923 Tom Therramus, (editor, Gail the Actuary) - Was Volatility in the Price of Oil a Cause of the 2008 Financial Crisis? ]</ref> This pattern of spiking instability in oil price may be a product of [[Peak Oil]]. There is concern that if the economy was to improve, oil prices might return to pre-recession levels.<ref>Oil prices and future economic stability http://www.thestar.com/business/article/535378</ref>
   
The food and fuel crises were both discussed at the [[34th G8 summit]] in July 2008.<ref>{{Cite web|url=http://www.dw-world.de/dw/article/0,2144,3466618,00.html|title= Africa's Plight Dominates First Day of G8 Summit}}</ref>
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The food and fuel crises were both discussed at the [[34th G8 summit]] in July 2008.<ref>{{Cite web|url=http://www.dw-world.de/dw/article/0,2144,3466618,00.html|title= Africa's Plight Dominates First Day of G8 Summit}}</ref> Many people died from a lot of diseases picked up on the street! :D
   
 
[[Sulfuric acid]] (an important chemical commodity used in processes such as [[Steel#Modern production methods|steel processing]], [[Copper#Production|copper production]] and [[Bioethanol#Sources|bioethanol production]]) increased in price 3.5-fold in less than 1 year while producers of [[sodium hydroxide]] have declared [[force majeure]] due to flooding, precipitating similarly steep price increases.<ref>{{Cite web|url=http://www.purchasing.com/article/CA6554638.html|title=Sulfuric acid prices explode}}</ref><ref>{{Cite web|url=http://www.dow.com/causticsoda/news/2008/20080606a.htm|title=Dow Declares Force Majeure for Caustic Soda}}{{dead link|date=November 2011}}</ref>
 
[[Sulfuric acid]] (an important chemical commodity used in processes such as [[Steel#Modern production methods|steel processing]], [[Copper#Production|copper production]] and [[Bioethanol#Sources|bioethanol production]]) increased in price 3.5-fold in less than 1 year while producers of [[sodium hydroxide]] have declared [[force majeure]] due to flooding, precipitating similarly steep price increases.<ref>{{Cite web|url=http://www.purchasing.com/article/CA6554638.html|title=Sulfuric acid prices explode}}</ref><ref>{{Cite web|url=http://www.dow.com/causticsoda/news/2008/20080606a.htm|title=Dow Declares Force Majeure for Caustic Soda}}{{dead link|date=November 2011}}</ref>
Reason: ANN scored at 0.933437
Reporter Information
Reporter: JimmiXzS (anonymous)
Date: Friday, the 14th of October 2016 at 02:11:50 PM
Status: Reported
Tuesday, the 6th of January 2015 at 12:32:13 AM #97551
sally (anonymous)

1OHReB http://www.QS3PE5ZGdxC9IoVKTAPT2DBYpPkMKqfz.com

Friday, the 14th of October 2016 at 02:11:55 PM #106526
JimmiXzS (anonymous)

FL08W3 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com

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