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Article: High Oil Prices to Have Major Impact on Presidential Election.
- Article from:
- The Oil Daily
- Article date:
- August 25, 2004
CopyrightCOPYRIGHT 2004 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As well as threatening the US economy, high oil prices could play a role in determining the outcome of the upcoming presidential election, according to some analysts.
"High oil prices will have some impact on the upcoming election," said Ed Yardeni, an economist with Prudential Securities in New York. "People's perception of the economic outlook can also affect their opinion of the incumbent president. In a close election the president is vulnerable on everything -- including high oil prices."
Yardeni said that if heating oil prices remain high going into the November election they could have an impact in key swing states such as Ohio. "If heating oil ...