Middle East Economic Survey
VOL. XLVIII
No 43
24-October-2005
Greenspan Sees Lower Energy Intensity As Global Economy Adjusts To High Oil Prices
The progressive structural shift in oil prices over the last three years to higher levels is likely to continue, reflecting long-term concerns over oil production and complex refining capacity. But according to the Chairman of the US Federal Reserve, Alan Greenspan, history suggests that should high oil prices persist, energy use will continue its trend...
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