Oil prices spur consumer confidence fears

03/22/2004 | Duluth News Tribune (Minn.) · Wall Street Journal, The

With crude oil prices heading toward the $40-per-barrel mark and global demand straining oil production capacity, some analysts say rising fuel prices could batter consumer confidence. But others doubt corporate bottom lines and economic expansion will feel the effects, and one economist notes, "We've come a long way since the energy crisis days of the 1970s and '80s."

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Duluth News Tribune (Minn.) · Wall Street Journal, The

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