Benjamin, Matthew
January 2005
U.S. News & World Report;1/10/2005, Vol. 138 Issue 1, p46
Examines how both the level and the volatility of oil prices have risen significantly over the past year. Views of experts; Information on oil prices; Effect of high oil prices on U.S. economic growth; Outlook for growth in the U.S. economy; Issue of energy efficiency; The psychological impact of rising oil prices on consumers and companies; Relationship between oil and inflation; Implications for the world economy; How some costs of high oil prices are unseen by consumers; Outlook.


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