Results 1 to 2 of 2

Thread: Oil Drives Trade Deficit to New High

  1. #1
    Senior Member Fan_Dancer's Avatar
    Joined
    Jun 2006
    Location
    The Land of Enchantment
    Posts
    164
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Oil Drives Trade Deficit to New High

    The deficit rose to $69.9 billion in August, up 2.7 percent from July's $68 billion deficit, which had also been a record. The sharp deterioration in the deficit in recent months has occurred because soaring global oil prices have pushed America's foreign oil bill to historic highs.

  2. #2
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Oil Drives Trade Deficit to New High

    September's foreign oil trade balance numbers will be much better as they will be the first to incorporate sub-$60 / barrel oil pricing ... and will be released just before the election.

Similar Threads

  1. Replies: 7
    Last Post: 05-03-2011, 07:55 AM
  2. Replies: 2
    Last Post: 10-15-2010, 10:04 AM
  3. Replies: 0
    Last Post: 06-22-2008, 04:00 PM
  4. how high will oil prices go this summer ?
    By Melonie in forum Member Boards
    Replies: 10
    Last Post: 05-16-2008, 02:57 PM
  5. Replies: 15
    Last Post: 03-23-2005, 05:00 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •