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  • How Economy Could Survive Oil At $100 A Barrel(Wal-Mart effect? nervous cheerleading)

    09/30/2007 12:13:43 AM PDT · by TigerLikesRooster · 49 replies · 423+ views
    Cattlenetwork ^ | 09/27/07 | Daniel Machalaba, Shai Oster, Susan Carey and Mike Spector
    How Economy Could Survive Oil At $100 A Barrel The world economy has managed, with some indigestion, to swallow the rise of oil prices past $80 a barrel. How well could it survive $100 a barrel? The answer is quite well -- so long as several conditions still hold true. The price rise would probably have to be gradual. Inflation couldn't get so bad as to force big interest-rate hikes. Oil-rich nations would need to pump their profits back into U.S. and European economies. All of this has happened so far. The happy confluence may continue, though fears remain strong...