Archive for January 14th, 2009

What is the significance of oil prices?

Wednesday, January 14th, 2009
oil prices
The Daydreamer asked:


In general, what is the significance of oil prices? Does it have a more significant meaning than just the oil industry? For example, is it also an indicator of inflation, etc? What do fluctuations and current oil prices mean for the US economy?

Christian
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