Oil Prices and the effects on U.S. Economy
In May of 2000, Forbes magazine ran an article minimizing the impact that oil prices would have on the US economy. In the article, author Peter Huber writes: Bill Gates is a very rich man, and that lets Alan Greenspan worry less about oil prices than he used to. Greenspan puts it more broadly, of course: "The economy has lessened its needs and ties to energy." Oil especially. It just doesn't take much of it to make software. Just four years later, Huber’s article seems less accurate than it might have been viewed at the time it was written and yet, many of the indications presented in the article can be reasonably said to have survived the economic tumult that rising oil prices have caused in the US. It is, however, difficult to assess how much of an impact the price of oil is responsible for causing to various aspects of the economy. To be sure, oil price has a measurable impact, but at what point does the terrorist attack of......

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Title: Oil Prices And The Effects On U.S. Economy
Approximate Word Count: 989
Approximate Pages: 4 (250 words per double-spaced page)

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