Left Out In The Cold

We have all been suffering from the skyrocketing cost of oil and it's effect on many of the products and services we use. Now with the summer upon us, the price of gas will be an impediment to our plans to enjoy the summer. Even past the summer, the economic forecast is grim. The Government's Energy Information Administration predicts outrageously high prices for home heating oil this winter season. An Economist from the University of Maryland, predicts a domino effect driven by high oil costs. In his words; "The American consumer will continue to pay for fuel, food and heat, but they will give everything else up, that's going to make it harder to sell the average consumer a television, a suit, or even a meal at a restaurant." OK, the news is pretty depressing but that's how it happens. One part of the economy drags down another part, and so on. With the sunshine filled days of early summer, Winter seems so far away. In less than six months the big Christmas retail season begins. This year many business will be at risk of not getting into the "black" on "Black Friday". Where do we go from there?




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