oil is liquid gold.when gas went to 3 then to 4$ A gallon people couldnt afford there homes.it was pay the gas so you could go to work and food or your choice was pay the rent or house payment.
oil runs the world.if it hadnt increased people would still be paying there motgage and jobs would still be hear.its all the ripple affect.the mortgage
loan people would still be gettin the loan payments they raped everyone with.
heres prof.the economy went bad when oil prices went up,the the houseing market followed.