U.S. Overestimates Future Middle East Production
Date: Wednesday, October 27 @ 19:45:36 PDT
Topic: Production; Extraction; Exploration
Quoting Marketplace's David Brown: 'Let me read from the part of that book that might give you pause. And I quote: "many reports suggested that higher energy costs were constraining consumer and business spending". Translation: Fed officials may be worried about how 'high oil prices' will affect the economy's health.'
Audio:
http://www.marketplace.org/play/audio.php?media=/2004/10/27_mpp&start=00:44.0&end=08:10.0
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