U.S. strikes on Syria would have minimal North Texas impact, experts say
Bernard Weinstein, an economist and associate director of SMU's Maguire Energy Institute, talks about the economic impact if the U.S. attacks Syria.
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.
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