Posted on 08/08/2005 9:51:17 AM PDT by M. Espinola
Our town here is anticipating a fairly large hit that would spread over five years. Could be a ten percent job loss overall, as well as a general construction halt in the housing market. Construction has been big in the past few years, could be gone.
I agree with your statement. The way energy pricing is going, we shall be heading for inflation, causing even more job losses.
OTOH, longer term, things do look better, especially with the Natural Gas pipeline getting underway, contract signing possibly this fall.
Correct, on the long term domestic view of energy, however we have some very serious & dangerous geostrategic dilemmas brewing currently in the Gulf region which have global supply implications once action is undertaken, which regrettably will most likely supersede new refinery construction and the Natural Gas pipeline, which would address one domestic energy concern, while not correcting the reformulated unleaded shortfall.
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