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  • How High Oil Prices Will Permanently Cap Economic Growth

    From bloomberg.com

    For most of the last century, cheap oil powered global economic growth. But in the last decade, the price of oil has quadrupled, and that shift will permanently shackle the growth potential of the world’s economies. The countries guzzling the most oil are taking the biggest hits to potential economic growth. That’s sobering news for the U.S., which consumes almost a fifth of the oil used in the world every day. Not long ago, when oil was $20 a barrel, the U.S. was the locomotive of global economic growth; the federal government was running budget surpluses; the jobless rate at the beginning of the last decade was ... (full story)

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  • Sep 25, 2012 1:01am Sep 25, 2012 1:01am
  •  Walz
  • Joined Apr 2011 | Status: Member | 36 Comments
Sad but True
 
 
  • Post #2
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  • Edited at 2:16am Sep 25, 2012 1:58am | Edited at 2:16am
  •  cuby1
  • | Joined Oct 2009 | Status: Member | 48 Comments
Author just ignores the part of Natural Gas that expands in infrastructure uses and its expanding sources most are based on non OPEC sources which reflects in NG prices that are not linked to Oil prices
 
 
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  • Posted: Sep 24, 2012 3:23am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 2  /  Views: 1,197
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