The following is from the Sept. 10, 2013, edition of the Dallas Business Journal. Bernard Weinstein, an economist and associate director of SMU's Maguire Energy Institute, provided expertise for this story.
September 10, 2013
By Bill Hethcock
Expect a short-term spike in energy prices, a quick dip in stock prices, but little long-term impact on most North Texas businesses, the economy or consumers if the United States levels military strikes on Syria, Dallas-Fort Worth business people with an eye on the situation say.
President Obama is seeking congressional authorization for a limited military strike in response to Syrian dictator Bashar Assad's regime's alleged use of chemical weapons on the outskirts of Damascus.
Bernard Weinstein, associate director of the Maguire Energy Institute at Southern Methodist University, said a U.S. attack on Syria could affect oil prices in the short term, but increased domestic production would dampen the effect.
Read the full story.
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