Shawkat Hammoudeh in the News

Shawkat Hammoudeh in the News

2014 Predictions for Your Wallet

via Wallet Hub

Shawkat Hammoudeh, professor of economics and international business at Drexel LeBow and associate editor of Energy Economics, says “The shale natural gas revolution is real and a game-changer for the country’s energy cost. It has been felt at both the firm and household levels.”

Crises, New Markets Shift Gulf Pertodollar Flows

via Reuters

Shawkat Hammoudeh, Ph.D., professor of economics, was quoted in a Reuters article titled “Crises, New Markets Shift Gulf Pertodollar Flows.”

Capital flows around the world are changing,” said Hammoudeh, who added that the amount of Gulf capital available to the West was shrinking, in a process that could take many years.

Oil prices back on the rise over Libya supply fears

via National.com

Shawkat Hammoudeh, PhD, professor of economics, was quoted in a National.com article about the increase of the price of oil.

Experts expect gas prices to continue to rise through 2011

via Philadelphia Inquirer

A Philadelphia Inquirer article about rising gas prices quotes Drexel LeBow’s Shawkat Hammoudeh, Ph.D., professor of economics. 

Hammoudeh says recent manufacturing data showed a resurgence of economic activity in Germany, China, and India, which has helped push up crude oil prices to match increased demand. “The economic fundamentals are getting stronger, and that means there will be more demand.”  

Are Lower Gas Prices a Windfall for Consumers?

via CNBC

Shawkat Hammoudeh, PhD, a LeBow College professor of economics, was quoted in an article titled “Are Lower Gas Prices a Windfall for Consumers?” featured on CNBC.com. The article addressed the recent decline in gas prices and the subsequent effect on consumer spending.

Consider the reason for the slide in gasoline prices.Crude oil prices logged their decline on fear that the U.S. is about to import a second recession from overseas,” said Hammoudeh.