Cheaper oil may jolt industries, economies: shift could help lift auto, airline profits, dent producers' clout
Article Abstract:
Oil prices, which are at their lowest levels since mid-2005, could have a positive impace on the world's economy. Cheaper fuel costs would mean more discretionary income for consumers, which would be a boon to the U.S. economy . In China, gasoline and domestic fuel prices are being reduced in response to the world trend.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
High prices prod developed world to curb oil use: data show first drop in two decades in West; crude dips below $50
Article Abstract:
For the first time in over twenty years, t he industrialized world is experiencing a decline in petroleum use. High crude oil prices have contributed to this trend. The United States, which consumes more oil than any other country, is discussing ways to use less energy.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
As U.S. manufacturers recover, high oil prices pinch some sectors
Article Abstract:
The rising price of oil is increasing the sense of uncertainty among some U.S. manufacturing industries. Some producers are responding by increasing their prices.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Chrysler's storied Hemi motor helps it escape Detroit's gloom. VW's bid to graduate to the luxury class teaches it hard lesson
- Abstracts: Alitalia pleads for big job cuts, moves to split airline in two. Air Canada creditors endorse restructuring plan for carrier
- Abstracts: Killybegs gets quay space at last! Freezer ship ready for a new venture. Kevin McHugh: pioneer of pelagic trawling
- Abstracts: Non-discretionary inputs in data envelopment analysis. A new approach for technical efficiency estimation in multiple output production
- Abstracts: Enron trial highlights issue of plea bargains: government pact with ex-official showcases prosecutors' dilemma; how much incentive is too much?