Foundation for Economic Education
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Energy Prices May Rise in Coming Year
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Some energy analysts are beginning to think 2007 will be a case of deacute;jagrave; vu for consumers and business. In this scenario, prices start to ratchet up in the spring, peak sometime in the summer at a new record, and then fall back to lower levels later in the year. (Christian Science Monitor [1], Wednesday)
Nobody can predict the economic future, but free markets can handle whatever comes.
FEE Timely Classic
Rising Prices: The Market's Way of Conserving Oil [2] by Jorge Amador
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/energy-prices-may-rise-in-coming-year/
URLs in this post:
[1] Christian Science Monitor: http://www.csmonitor.com/2006/1227/p01s01-usec.html
[2] Rising Prices: The Market's Way of Conserving Oil: http://www.fee.org/publications/the-freeman/article.asp?aid=1215
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