Oil-Price Surge Fails to Stoke US Energy-Sector Enthusiasm
High crude prices are yet sparking enthusiasm among Texas oil producers.
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I’m Catarina Saraiva, a Federal Reserve reporter in Houston. Today we’re looking at the potential Iran war impact on the US job market. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
Economists have largely expected US growth to prove resilient this year in the face of the energy crisis triggered by the American-Israeli war with Iran. After all, the US produces more energy than it consumes, and the oil-price surge should help propel that sector’s expansion.