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Energy Prices Headed Upwards-PGP
U.S. Federal Reserve Chairman Alan Greenspan warned this week that the global economy has entered an era of permanently higher crude oil and natural gas prices. This will force U.S. producers and consumers to rethink how they use energy. In the near term, it implies higher costs that would impact business investments and consumer spending. In the longer term, the U.S. economy will benefit disproportionately.
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