The US Economic Recovery Can Weather $100/B Oil, But Maybe Not $120/B

By Shawkat Hammoudeh

Dr Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at hammousm@drexel.edu.

Commodities come in different types and prices. There are energy products, precious metals, industrial metals, grains, soft commodities, and livestock. Among all those commodities, oil plays the most influential role in the economy. Increases in the oil price affect...