Quote:
Originally posted by wig@Mar 4 2004, 09:09 AM
i hear ya... gas prices do not worry me, mostly because I do not have to drive much.
but, a fundamental case could be made for other repercussions of escalating crude prices.
i am just not interested in trying to figure that out. :P
last time i filled up, diesel was about $1.50
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There's a lot of research on this and i've read some papers in the past. Rule of thumb I remember is that a $10 rise in crude oil will set the economy back about .5-1% but that after a few years that number evens back out.