February 2006

Trends and Resources

HP Impact: HPImpact: Economist assesses gulf between oil/gas costs, low consumer spending

The energy shock to economic growth will be felt worldwide through the increasing global imbalance between high investment and low consumer spending, according to an analysis by The Conference Board, ..

Weirauch, Wendy, Hydrocarbon Processing Staff

The energy shock to economic growth will be felt worldwide through the increasing global imbalance between high investment and low consumer spending, according to an analysis by The Conference Board, a global business research organization. The steady rise of global commodity prices since 2002 has been led by spiraling oil prices. A number of additional factors are motivating these increases: exceptionally low interest and inflation rates, a surge in emerging market demand led by heavy investment in China, the acceleration of global manufacturing activity in 2004, and a shortfall in natural resource investment for almost 20 years. "The relationship between US crude oil stocks and oil pri

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