Price of Oil Fuels Inflation, but Shows Economy is Bouncing Back
PASADENA, CA – JANUARY 8: A man puts gas in his car at a Union 76 station on January 8, 2010 in Pasadena, California. The price of crude is up 12 percent in the past month to about $82.88 a barrel. The national average price of gasoline is a dollar more than last year, rising above $2.72 per gallon. Oil investor trends are being blamed for the rise in crude and cold weather has spurred demand for natural gas. (Photo by David McNew/Getty Images)
The Bureau of Labor Statistics reports that prices rose 6.2% in October, the largest annual increase since 1990, driven by supply chain and labor shortages as well as higher energy prices,” says CEO George Schultze in his recent Forbes blog. With inflation rates up, there’s still investment opportunities in previously distressed companies, both public and private. Read which companies he’s interested in right now:
