Omaha Public Radio News
2:51 am
Tue November 20, 2007

Economist says high oil prices have an upside

Omaha, NE – The Greater Omaha Chamber of Commerce is forecasting continued economic growth in 2008, although it's not expected to match this summer's four percent pace. The Chamber 's 2008 Economic Outlook cites a housing slump, rising energy prices and credit tightening as some economic challenges next year. But Doctor Barry Asmus says those oil prices of $100 a barrel actually have a positive side. He spoke to about 700 business leaders today in Omaha.