An Oil Shock That Could Be an Economic Stimulus in Disguise
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Despite the parallels with the oil shocks of past decades, the impact of the oil spike on the economy is likely to be much less intense than in previous surges.
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Oil prices fall more than a dollar in New York, after speculation Opec might increase output.
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This weekâs snapshot of the nationâs economic output may offer two surprises for the price of one. It may be stronger than expected and weaker than it seems.
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The Middle Kingdom can't find enough oil to meet booming domestic demandÂand the world is paying the price at the pump
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This oil thing is just temporary, Wall Street has been figuring, and figuring and figuring.
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The concern over inflation and weakening housing prices offset the salutary effects of a drop in the price of oil.
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This oil thing is just temporary, Wall Street has been figuring, and figuring and figuring. The surge in prices is a temporary phenomenon that&#39;s lasted for two years now.
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A senior US Federal Reserve official said Thursday the recent spike in oil prices would almost certainly impact on the US economy, although it may not be as significant as the shocks of the 1970s and 1980s.
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Larger supplies, more energy alternatives, and a slowing economy could be factors.
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THE recent flurry of record oil prices may be temporary, but US Government analysts believe $US30 ($39.76)-a-barrel oil can be expected for decades to come.
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Is Economic Stimulation the Cause, not the Cure?
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The price of oil jumped back above 90 dollars on Friday, helped by a recovery in global stock markets on the back of plans for a stimulus package to prevent the US economy falling into recession, traders said.
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As fears of an American recession ripple across the globe, analysts are wondering whether the great oil boom of the last five years is finally coming to an end.
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The current proposal would boost the wrong part of the economy.
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The dollar garnered support from a slide in crude oil prices.
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FRANKFURT At the end of a year that has seen a tepid European economic recovery shaken by high oil prices and a strong currency, the European Central Bank is facing a dilemma for which the best solution may simply be to wait.
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The International Monetary Fund yesterday issued a warning that record oil prices will stunt the growth of the global economy next year and oil prices are likely to remain high for 10 years or more.