BP’s 2005 Statistical Review of World Energy was published in June. CS highlights a few of the ugly details in the Research Room.

Interest rates are the “greatest risk” facing the stock market, according to a freshly minted survey of money managers. “The managers rate interest rates above geopolitical events, inflation worries and increasing energy costs as their major source of concern,” according to Frank Russell Company’s June 2005 Investment Manager Outlook. “But they believe higher rates will have a stronger impact on bonds, U.S. Treasuries and real-estate securities—on which they are uniformly bearish—than on stocks.”

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