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Exxon Mobil CEO fears higher gasoline prices

from The Houston Chronicle

Exxon Mobil Corp. CEO Rex Tillerson expressed concern Monday that higher gasoline prices could cause Americans to cut fuel usage, as has happened with other price spikes in recent years, and hurt the momentum of the recent economic rebound. "We're not out of the last economic recession, so at what level that has a negative effect today, it's hard to say. But it does concern me that energy prices not become an obstacle to the economic recovery," Tillerson told reporters after a speech to the Houston World Affairs Council. more

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