The price of West Texas Intermediate is hovering around $60 per barrel — not low enough to kill the oil patch, but not generating “Drill, baby, drill!” vibes.
Economic uncertainty is seeping into consumer expectations, which can become something of a self-fulfilling prophecy, an Aspen Institute economist says.
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A new report by the Dallas Fed offers some insight: employment growth has been unusually strong in areas like health care, which is less cyclical and therefore less sensitive to changes in monetary policy.
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Known as LNG, much of it is headed to Europe and other parts of the world in amounts expected to double over the next five years, according to S&P Global.
