Oil Prices and Economic Growth

This news article was published in Savannah Morning News.

That markets have shifted attention away from an abeyant Euro crisis toward escalating oil prices reflects growing concern surrounding the commodity’s potential to thwart domestic and global economic growth. Unlike some other markets, the oil market is populated by both non-use speculators (market participants with no intention of using the commodity) and those concerned with final-use consumption (think of a firm highly dependent on oil in its production process). Given such complexities, analyzing the impact of more expensive oil on markets requires more than a one-size-fits-all approach...