Ralph Kauffman Energy Quotations

Our members seem to have digested the energy price increases, and so the direct effect of energy price moves is less.

Concern about the continued high level of energy prices and its impact on economic activity is again the number one topic on which survey respondents commented.

The main reason for the decline in the price index in December was the decline in energy prices -- while the index is down, it's still at a historically high level.

Respondents also commented on hurricanes Katrina and Rita and their impact on the energy supply and on the availability and cost of construction materials and truck transportation. The overall indication is continued economic growth in the non-manufacturing sector in October, but with a high level of concern about the impact of energy prices,