1. Although the official inflation numbers still look reasonably good, many are concerned about how rising energy prices will affect the price level later this year and early next. 2. And the combination of higher interest rates and rising energy prices hammered transportation stocks. 3. As expected, neither rising energy costs nor high short-term interest rates stopped a stream of strong second-quarter earnings news. 4. Beyond the impact on stocks, Levkovich also said rising energy prices are a threat to the economy. 5. Bond funds bled heavily in the month, likely on concerns about rising energy prices and inflation. 6. A second contributor to the slump has been rising energy prices. 7. Bush and his team have cited rising energy prices in particular as a cause for concern. 8. Bush also asserted that rising energy prices have put an intolerable burden on families and farmers. 9. But Democrats can now field their own competing agenda, with proposals such as capping rapidly rising energy prices in California and prices at the gasoline pump. 10. But those efficiency gains have been more than offset by huge population increases and rising worldwide energy consumption. |