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Oil price threats cloud economic recovery
Washington economists warn that sharp rises in crude prices threaten a slow recovery. OPEC plans increases of 10 to 35 percent, while U S actions like higher oil import fees and deregulation could raise domestic costs further. If worst fears materialize, annual energy bills could rise over 30 billion and blunt tax stimulus effects.
MENTIONED IN THIS ARTICLE
Saudi Arabia
Iran
Venezuela
The
Organization of Petroleum Exporting Countries
OPEC
United States
Ford Administration
Congress
America
Ford