Rising oil prices beginning to hurt US economy
by Messengers of Light
April 7, 2011

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– Just when companies have finally stepped up hiring, rising oil prices are threatening to halt the U.S. economy’s gains.

Some economists are scaling back their estimates for growth this year, in part because flat wages have left households struggling to pay higher gasoline prices.

Unlike other kinds of consumer spending, gasoline purchases provide less benefit for the U.S. economy. About half the revenue flows to oil exporting countries like Saudi Arabia and Canada, though U.S. oil companies and gasoline retailers also benefit.To read the whole article click here

Keeping you updated on current events, in light of Bible Prophecy… Until next week – Maranatha!

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