Thursday, January 2, 2025
US Energy vs. Russia

America’s Emerging Petro Economy Flips the Impact of Oil

From The Wall Street Journal The effect of oil prices on the U.S. economy used to be straightforward: Higher was bad. Yet between 2014 and early 2016, as oil collapsed, growth slowed sharply. Since then oil has doubled, yet the economy has accelerated. Credit this to the emergence of the U.S. as a leading oil producer and, soon, net energy exporter. More expensive oil is