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In this first part of a two-part series, Wharton economists explain recent oil price hikes and discuss their likely effect on the U.S. economy and energy policy. Part 2 will examine the global economic impact.
All-time highs in crude oil prices have given economists and financial market analysts the jitters. Jeremy Siegel checks in with other Wharton experts on the oil scene at home and abroad, with a particularly close look at China's impact on the world economy.
In this second part of the Wharton discussion on the global oil scene, experts in Spain and Brazil talk about the impact of higher oil prices in their countries and regions.
Investing in oil is a volatile ride, particularly after a big run-up. Here are some things to consider when constructing an energy-efficient portfolio.
What do slightly slower economic growth, energy conservation, inventory building, modest advances in the stock market, and a slowdown in housing all have in common? They are the 2006 trend predictions from Wharton professors on an economy that is pulling in a stronger 2005 than expected.
The combination of the energy drag and Fed tightening is casting a shadow on growth in 2006.
This somewhat bubbly mood might not last once the hurricane's effect is fully measured.
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