Why the US economy keeps defying the odds
Energy markets offer another explanation. The war in the Middle East has pushed oil prices higher, a development that historically would have posed a major
Energy markets offer another explanation. The war in the Middle East has pushed oil prices higher, a development that historically would have posed a major threat to US growth. But the shale revolution fundamentally altered America's exposure to energy shocks. Over the past two decades, the US has become one of the world's largest oil and gas producers, while businesses have steadily reduced their reliance on petroleum.
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