New York — In the summer of 2008, weeks before the investment bank Lehman Brothers imploded, oil prices skyrocketed to nearly $150 a barrel.
—
Matt Egan,
CNN Money,
2 Apr. 2026
That idealized story is based on real change in a region that suffered extraordinary structural decline when a century of dependence on heavy industry imploded in the 1970s.
—
Christopher Briem,
The Conversation,
25 Mar. 2026
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