What, Me Save Gas?By
Americans are loudly grousing about $70 barrels of oil, $3 gallons of gasoline, and huge profits at Exxon Mobil (XOM), Chevron (CVX), and BP (BP). But the amazing thing is how robust the U.S. economy is in spite of high energy prices. Economists now say that estimates of the economy's growth in the first quarter could be revised upward to a nearly 6% annual rate. (To put that growth rate in perspective: If it lasted, which it won't, U.S. economic output would double in 12 years.)
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