Article: FED IGNORES RISING OIL PRICES AT OUR PERIL.(Editorial)

Suffering from a touch of deja vu?

Oil prices have more than tripled since the end of 1998; political leaders, including President Clinton, are appealing to OPEC countries, whose oil ministers are meeting this weekend, to increase production; France has seen the return of long queues at gas stations, as truckers protesting about fuel prices block supplies.

Such news brings back scary memories of the three previous big oil-price shocks, in the early and late 1970s, and in 1990. On each of those occasions, when oil prices also roughly tripled, inflation duly rose and the world economy slipped into recession.

Yet, oddly, hardly anybody seems ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!