Oil Prices, Ben Bernanke, Inflation, and the Fourth Energy Recession
Author
Philip K. Verleger
Date
2005-11-15
Views
4304
Philip_K._Verleger_Oil_Prices,_Ben_Bernanke,_Inflation,_and_the_Fourth_Energy_Recession
Oil Prices, Ben Bernanke, Inflation, and the Fourth Energy Recession
- Speaker: Philip K. Verleger, President, PKVleger LLC
- Date: November 15, 2005
Oil Prices, Ben Bernanke, Inflation, and the Fourth Energy Recession
- Speaker: Philip K. Verleger, President, PKVleger LLC
- Date: November 15, 2005
This product/crude relationship implies that the product shortage noted above will raise crude prices in the United States and across globe. Tight gasoline markets next summer could easily lead to crude prices of around $100 per barrel. Our analysis, published seperately, indicates that crude price increase to $100 ould boost U.S. inflation rates above 6 percent....
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