Edward Yardeni Percent Quotations

The economy has remained remarkably robust as energy costs have soared since early 2004. Gasoline now accounts for only 3 percent of total personal consumption spending, down from 5 percent in 1981.

We believe the equilibrium price of crude oil has risen from about $20 per barrel during the 1990s to at least $30 during the current decade. The fundamentals are solid for the energy sector. Energy represents 6 percent of the S&P 500 market cap -- in our opinion it should be double-weighted.

Now, I think you have to add an entire percentage point