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Oil prices could ruin economic growth

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09-18-2007, 02:00 PM

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Oil prices could ruin economic growth

Oil price rises beyond $80 a barrel are inevitable, and will cause a profound effect on the US economy, a statement released today intimated. US Energy Secretary Sam Bodman stated that prices in the region of $80 a barrel could hinder economic growth, and lead to inflation in energy prices and consumer products. Analysts have forecast $80 [...]

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