Will Higher Oil Prices Lead to Another Recession?

At what price does oil threaten to push the U.S. economy back into recession?  Do higher oil prices herald inflation in the way they did in the 1970s?  

Joe Davis, Vanguard's chief economist, and Roger Aliaga-Diaz, the firm's senior economist, recently addressed these issues in an interview.  Click here for a transcript of their comments.  

Scott Middleton