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Energy Literacy Advocates (ELA) is a non-partisan, non-profit, public education and advocacy group dedicated to improving the energy literacy of all sectors of our democracy in order to empower a comprehensive national energy policy that is responsible and sustainable. Stay tuned for updated energy news!
Tuesday, February 12, 2008
Why Oil Price Increases Have Hurt Less
This blog entry at the Wall Street Journal cites data and a possible reason for the economy's ability to absorb the oil price increases we have seen for the last several years. The short answer - a weaker US dollar and solid global economic growth generated export revenues that nearly matched extra amount spent on oil imports.
Read the blog entry here.
Read the blog entry here.
Labels: oil price
posted by Jamie Lang at 1:44 PM
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