Can a Plucky U.S. Economy Surmount $80 Oil?
New York Times, 10/5/07 The economy may be starting to sputter as damage from the weak housing market drags down growth. If payrolls drop significantly, will high-price crude oil begin to cause pain in a way that it hasn’t in nearly three decades? View article Oil prices above $83 after setting new record. MSNBC, 9/20/07 Crude oil prices surged further into record terrain Thursday, breaching $83 a barrel as the weak dollar and last week’s decline in U.S. oil inventories spurred buying of futures. View article Record Failures at Oil Refineries Raise Gas Prices. New York Times, 7/22/07 Oil refineries across the country have been plagued by a record number of fires, power failures, leaks, spills and breakdowns this year, causing dozens of them to shut down temporarily or trim production. The disruptions are helping to drive gasoline prices to highs not seen since last summer’s records. View article Oil hits $68 a barrel, highest close since Sept. Associated Press, 6/15/07 Gas futures exte
