U.S. Trade Deficit and the Impact of Rising Oil Prices
Description:
This report provides an estimate of the initial impact of the rising oil prices on the nation's merchandise trade deficit. Petroleum prices continued to rise sharply in 2008, at one time reaching more than $140 per barrel of crude oil. At the same time the average monthly volume of imports of energy-related petroleum products fell slightly.
Date:
September 12, 2008
Creator:
Jackson, James K.
Item Type:
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Partner:
UNT Libraries Government Documents Department