It is not OPEC or our government that is driving prices up.It is supply and demand...China and India are devloping rapidly and taking a lot of the worlds supply.There is actually plenty of oil out there.We have a lifetime supply in the Arctic and on the Gulf coast,but thanks to preasure from Sierra Club,Greenpeace,etc etc.......our gov will not allow drilling or building of new refineries,which are badly needed since we haven't built a new one in 40 years.If anyone had stones enough to tell the greenies where to go,we would have all the power we needed.Also,nuke power is hugely efficient,as France has shown.
Oh,one last thought....oil does not come from rotting dinosaur carcasses as many believe,but from the heating and cooling deep in the earth.There is no shortage of oil.....just the will to get it.
About the effect on local business',I for one,am circling the wagons just in case.Watching spending,trying to get more efficient.It's tough on employees because their costs are up too and it's not a good year for raises.
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