Greenspan: 2004 Oil Prices No &#39;74 Flashback
684046
Will today&#39;s careening crude oil prices reprise That &#39;70s Show? Not according to Alan Greenspan. The Federal Reserve chairman said this year&#39;s price climbs will likely have a far gentler impact on the economy
735159
Falling oil prices hurt energy stocks and a Fed officialâs comments on interest rates also soured the marketâs early good mood.
146006
Soaring oil prices should inflict less damage on US economic growth and inflation than the 1970s oil shock, Federal Reserve chairman Alan Greenspan said.
97837
VIENNA: Opec is keeping its foot to the pedal on oil production in a bid to push crude prices back below $US40 ($NZ62) a barrel. Risking a counter-seasonal fourth quarter build in stocks, Saudi Arabia will
10803
Federal Reserve Chairman Alan Greenspan said Wednesday the economy has "regained some traction" after a late spring slowdown that was triggered by a sharp spike in oil prices.
560351
RIYADH, 6 September 2004 - Oil prices soared to historical record levels approaching $50 a barrel two weeks ago, after ranging at about $10 five years ago.
373912
Alan Greenspan, the former Federal Reserve chairman, said in an interview that the removal of Saddam Hussein had been "essential" to secure world oil supplies, a point he emphasized to the White House in private conversations before the 2003 invasion of Iraq.
657744
The biggest drop in oil prices in three years lit a fire under stocks yesterday, boosting the markets near their 2004 highs. Crude plummeted $3.64 to $45.49 a barrel after the government reported
249907
TORONTO (CP) - Bargain hunting and reassuring words from US Federal Reserve chairman Alan Greenspan about high energy costs lifted stock markets Friday even as oil prices hit a new record close.
526334
Investors spent much of 2004 fretting over rising interest rates, surging oil prices and the presidential election. Analysts were more optimistic.
142103
Remember that economic downturn? 9/11? The war in Iraq? Spiking oil prices, and airline fuel surcharges?
493507
Yesterday, former top US central banker Alan Greenspan, a very respected public official, said: "I'm saddened that it is politically inconvenient to acknowledge what everyone knows -- the Iraq war is largely about oil." Dale Bumpers, former US Senator from Arkansas, defended President Bill Clinton when he was on trial. He said, memorably: "H.L. Mencken said one time, 'When you hear somebody say, This is not about money, it's about money.' And when you hear somebody say, 'This is not about sex,' it's about sex." Bumpers might say today: When you hear somebody say the war in Iraq is not about oil, it's about oil. And Greenspan was absolutely right. Everyone knows that so many US trops and so much US money would not be deployed in Iraq if it weren't in the middle of the oil reserves of the world and if Iraq itself didn't have so much oil. It's ridiculous to argue otherwise. Yet, this admission is causing a major recalc in US political discourse. Had Greenspan said something so obviously true in 2003 or 2004, we might have avoided this national catastrophe. And I think this says more about us, and our desire to be misled, to have our lives simplified, to delegate our intellectual existence. Yes, our troops are there because of the oil. Don't doubt it. Postscript: The Bumpers speech is worth watching again, for its eloquence and simplicity. It wasn't so long ago that we rose to this level.
28193
BEIRUT: Oil prices remained near recent peaks on Friday, with US crude trading just below $55-a-barrel. In midday New York trading, WTI was down 21 cents at $54.
363979
U.S. oil hit $55 a barrel on Friday as  traders worried over thin heating oil inventories ahead of  winter and Federal Reserve Chairman Alan Greenspan predicted  the soaring costs would not crimp economic growth as they did  in the 1970s.
121434
WASHINGTON - High oil prices, which have been a factor in virtually all U.S. recessions over the past three decades, are surging again this year...
410027
Put away the stack-heeled shoes and the Slade records. Higher oil prices may have rekindled memories of glam rock and loon pants, but the west is not about to return to the days of sky-high inflation that marked the 1970s.
202968
The world will be living with volatile oil prices for years to come, but this yearâs price spike should not be serious enough to push the US into a recession, US Federal Reserve Chairman Alan Greenspan said yesterday.