+Vote!
USA Today (Free subscription) | 11/19/2008
HOUSTON (Reuters) — U.S. oil demand for the first 10 months of 2008 fell at rates not seen since the recessions of the early 1980s, the American Petroleum Institute said Wednesday.U.S. petroleum deliveries — a measure of demand — averaged just 19.6 million barrels per day (bpd) in the January-October period, lowest since 2000 and down 5% from the same period in 2007.It was the sharpest demand...
3Vote!
USA Today (Free subscription) | 11/19/2008
WASHINGTON (Reuters) — Consumer prices plummeted at the sharpest rate on record in October as a slowing economy caused energy costs to drop for a third month, according to a Labor Department report Wednesday.The widely watched consumer price index fell 1%, exceeding forecasts by Wall Street analysts for a 0.8% decline and the biggest drop since the department began keeping monthly data in 1947.Core...
+Vote!
USA Today (Free subscription) | 11/17/2008
... 3.7% in September, biggest one-month drop since a 5% plunge in February 1946.Economists polled by Reuters had expected a rise of 0.2% in October, following an initially reported 2.8% fall in September.The Fed said the revision to September output resulted, in part, from a larger estimate of the impacts that Hurricanes Gustav and Ike had on the chemical industry.Hurricane-affected facilities...
