April 30, 2012
Lower Nat Gas Prices Not Much Help
Matthew Phillips, BusinessWeek
There’s a rule of thumb that says a $10 rise in the price of a barrel of oil reduces gross domestic product growth by anywhere from 0.2 to 0.5 percentage points. Applied over the past six months, when crude prices rose by about $30. . .
TAGGED: domestic energy production, domestic energy, natural gas, BusinessWeek