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Oil Price Increases Are Irrelevant to the Recovery

With oil above $100 a barrel, and gas nearing $4 a gallon, doomsayers wrongly predict the end of the recovery. Zachary Karabell on how the economy no longer lives and dies with energy.

Zachary Karabell

Zachary Karabell

Published Mar. 9 2011 5:47PM EST

articles/2011/03/09/oil-price-increases-are-irrelevant-to-the-recovery/karabell-oil_165268_ik2ptr — Gasoline prices are shown at a gas station in Del Mar, California on Mar. 9, 2011. (Photo: Mike Blake, Reuters / Landov)

Zachary Karabell

Zachary Karabell

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