Thursday, April 28, 2011

Rising Oil Prices

So far the scale of the current oil price shock is relatively small in comparison to the other rises since World War II. Although over the past 8-months, oil prices have risen by 50%, this pales in comparison to the 240% rise over a few weeks in 1973/4, 150% over six months in 1978/9 and 100% over a year in 2007/8 to name a few. Will oil price above $125 per barrel threaten the US recovery?

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At 12:43 AM, Blogger chirstmas said...

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