Posts Tagged ‘triple-digit oil prices’

What do Triple Digit Oil Prices Mean for Growth?

Posted by Jeff Rubin on January 3rd, 2012 under SmallerWorldTags: , ,  • 10 Comments

Can we still expect to see sustained economic recoveries when oil, the world’s principal source of energy, is trading in triple digit range? As I argued several years ago in my book, “Why Your World Is About To Get A Whole Lot Smaller”, triple digit oil prices will redefine our notion of an economic recovery [...]

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With oil prices within spitting distance of triple-digit levels (Brent traded over $99 per barrel last week, while West Texas Intermediate was north of $90 per barrel), it may be time to reconsider just how long this recovery will run. The fact that we’re seeing oil at triple-digit prices in this cycle should come as [...]

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Just as the fiscal crisis sweeping through the major oil-consuming nations of the world is cutting funding for green energy, one of the most expensive yet least efficient of green fuels, corn-based ethanol, has been given another year of generous taxpayer support in the US. The promotion of corn-based ethanol has been America’s principal policy [...]

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The strongest manufacturing numbers coming out of the Chinese economy in a seven-month period, coupled with plunging oil inventories in the world’s largest energy consuming economy, have sent oil prices to a 25-month high. With no let-up in China’s fuel demand, the world should be looking at triple-digit oil prices again within a quarter. That [...]

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In the soon-to-come world of triple-digit oil prices, distance will cost money. All of a sudden geography will become a lot more important to trade patterns than it has been in the ever-shrinking global economy. That’s about to have a profound impact on where we source goods. The cost of shipping goods from Mexico or [...]

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