Why the U.S. is now more resilient to oil price shocks

The U.S. economy is much less oil-intensive than it used to be, producing more economic value with far less oil use today than in the past.

Gas prices are up, but other forces may limit the economic harm to the U.S. [Images: Adobe Stock]

Oil is a global market, so when prices rise in one place, they rise everywhere. The current war against Iran has already raised oil prices significantly.

Mideast oil production has been slowed by efforts to........

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