" />
Building a world of
resilient communities.

MAIN LIST

 

Fed. Reserve Governor Says Days of Cheap Oil Are Over

Federal Reserve Governor Ben Bernanke said the days of cheap oil are likely over, although he expects the economic consequences of higher energy prices will be "manageable."

Speaking at Dalton College in Albany, Ga., Bernanke also said he believes the Fed will be able to maintain its "measured" pace of rate hikes, in part because inflationary expectations remain low.

"The market's looking at the combination of higher interest rates and higher oil and sees slowing growth," said Jim Awad, chairman of Awad Investment Management.

biz.yahoo.com/cbsm-top/041021/fe353170b7f45dc99aed376d6418d86a_1.html

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Make connections via our GROUPS page.
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

Tags:  

Is This The End Of China’s Coal Boom?

“The End Of China’s Coal Boom,” is a new, must-read …

The Age of Diminishing Returns

A Q&A with Ugo Bardi, author of Extracted: How the Quest for Mineral …

Energy Crunch: The end of business as usual for fossil fuels?

It’s the end of business as usual for fossil fuels. That’s …

Peak oil notes - April 17

A mid-week update. Oil prices in London have risen this week on concerns …

Climate Panel Stunner: Avoiding Climate Catastrophe Is Super Cheap — But Only If We Act Now

The U.N. Intergovernmental Panel on Climate Change (IPCC) has just issued …

Kashagan – Back to the drawing board?

The recent shutdown of Kashagan oil field in Kazakhstan represents one …

King Coal Is Dying a Slow Death in America

In cities choked by pollution and a world coming to grips with the realities …