Thursday, May 22, 2008

Effects of Oil Price Increases Played Out on Page 1

The per-barrel price of oil rose above $135 again today as the International Energy Agency feared demand would outstrip supply, leading to a “new world energy order.” As islanders awoke to that broadcast news, they also could read on the Honolulu Advertiser’s front page about the impact high oil prices are having right now at home:
American to charge $15 for first checked bag, plans cuts
Hawaiian Air raises interisland fares again
New car, truck sales down 17.4%
Elsewhere, the Honolulu Star-Bulletin had grim news for State employees: State cuts air conditioning use. But there’s an out: “Occupants who would like the air conditioning to operate outside (normal) hours can make a written request and will be billed at the rate of $50 an hour.”  Talk about your “new world energy order.”

If you haven't read yesterday's post, please do -- and be sure to click the link to the book Freedom from Mid-East Oil

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