(EnergyAsia, May 23, Friday) — A non-profit organisation, Securing America’s Future Energy (SAFE), has released a study describing a new threat to the American economy: the confluence of high oil prices, an increasing trade deficit, and a sinking dollar. “A Different Type of Price Spike,” said the more oil the US imports, the more dollars…
MARKETS: Declining dollar, high oil prices pose new threat to US economy
Posted on May 22, 2008 by EnergyAsia