Higher Oil Prices Would Hamper Global Economy

by an Unemployed White Male on February 24, 2011

in Business & Economy,Politics & Government,Recession

Just as the U.S. and global economies are finally strengthening, they face a new danger: Rocketing oil prices, which topped $100 a barrel Wednesday.

The U.S. economy can likely absorb $100 oil and keep expanding, even though gasoline prices would rise further and growth would slow. But it would hurt.

Read Associated Press article at NPR: http://www.npr.org/templates/story/story.php?storyId=134005409

Share this article with your friends!
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Twitter
  • Google Bookmarks
  • email
  • Google Buzz
  • LinkedIn
  • MySpace

Comments on this entry are closed.