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The end may be near

17 July 2006 By Edward Hadas

The global economy took the fourfold increase in oil prices in its stride. But that was a time of easy money and petrodollar recycling. But now that interest rates are rising, further oil price rises could prove much trickier. The global economy took the recent increase in oil prices in its stride. But that was in a time of easy money and petrodollar recycling.

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