Can the US Economy Defy Past Recession Patterns? | Presented by CME Group

Nearly every major oil crisis since the 1970s has followed the same script. Rising energy costs trigger a domino effect that ends in a recession. And according to many experts, recession is once again a serious threat.Since the launch of Operation Fury at the end of February, global oil prices have undergone their most violent surge since the 70s. And if the Strait of Hormuz remains closed, the outlook for the US economy is likely to worsen. Even though the US now produces about as much oil and natural gas ...