Business Grapples with Rising Oil Prices

Daks, Martin C.
March 2008
njbiz;3/3/2008, Vol. 21 Issue 10, p5
The article discusses the effect of rising oil prices on businesses worldwide as of March 2008. It is reported that with oil prices reaching $100 per barrel in February 2008, profits of companies are being drained. Also, while some businesses try to reduce their costs with unique methods, others just have to live with lower profit margins. Robert Loderstedt of New Jersey Manufacturing Extension Program Inc. (NJMEP) suggests that businesses should review their entire operations and consider alternative energy like solar power.


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