Warning symbol showing a fuel gauge on E“Oil prices raise cost of making range of goods . . . Hard choices all over . . . profits suffer, prices rise, workers’ hours are cut . . . airlines, shippers and car owners are no longer the only ones being squeezed . . . companies that make hard goods are watching their costs skyrocket . . . unpleasant choices . . . the sense that many companies may be hitting a wall is palpable . . . cutting jobs at an accelerating pace . . . more dire action may be in store . . . since last spring, the average profits of the nation’s corporations have declined at an annual rate of nearly 6 percent . . . ‘starting to be confronted with unprecedented price increases’ . . . ‘these surges in energy prices are just one surge too many’ for companies to handle. More news that sounds eerily like World Without Oil, from a front-page above-the-fold article today in the New York Times.

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