WASHINGTON (AFX) – The new head of the Senate Energy Committee, Republican Senator Pete Domenici, said that he does not believe the recent rise in crude oil prices will go high enough to tip the world’s largest economy back into a fresh recession. Mr Domenici said oil price spikes still have the ability to shock…
MARKETS: US Senate energy head says oil prices not high enough to spark recession
Posted on February 24, 2003 by EnergyAsia