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April 30, 2012

Lower Nat Gas Prices Not Much Help

Matthew Phillips, BusinessWeek


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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. . .

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TAGGED: domestic energy production, domestic energy, natural gas, BusinessWeek

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