Oil Prices and the U.S. Economy
The Joint Economic Committee and the Europe and the Middle East Subcommittee of the House Foreign Affairs Committee met together and conside… read more
The Joint Economic Committee and the Europe and the Middle East Subcommittee of the House Foreign Affairs Committee met together and considered the impact of the invasion of Kuwait by Iraq, and the mobilization of U.S. troops into Saudi Arabia and the Persian Gulf. The committee also sought to the impact this would have the world wide oil industry, and the United States economy such as the rise of gasoline to $1.20/gal. close
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