ECONOMICS PROFESSOR AVAILABLE TO ADDRESS SIGNIFICANCE OF RECORD OIL PRICES DURING PRESIDENTIAL CAMPAIGNS
January 03, 2008
January 03, 2008
DENVER, Jan. 3 -- Metropolitan State College of Denver issued the following news release:
The price of a barrel of oil hit the $100 mark yesterday for the first time in history.
While there is no magic price that will make the U.S. economy go into a recession, the $100 milestone, combined with a housing slump, lingering credit crisis, and unrest in various countries, can put a squeeze on U.S. consumers, according to Mohammed Akacem, an economics professor at Metropo . . .
The price of a barrel of oil hit the $100 mark yesterday for the first time in history.
While there is no magic price that will make the U.S. economy go into a recession, the $100 milestone, combined with a housing slump, lingering credit crisis, and unrest in various countries, can put a squeeze on U.S. consumers, according to Mohammed Akacem, an economics professor at Metropo . . .