Don’t expect Iraq’s oil export ban to have significant effect on the revived U.S. economy – not now, nor next year. So says economist Dan Santini, who has developed a downturn-prediction theory based on fuel price hikes, auto sales slumps and the passage of time. It’s a pattern the U.S. economy has followed since the late 1800s, says Santini, a researcher at Argonne National Laboratory. "According to his theory, after a fuel price increase, motor vehicle sales and output ...
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