The Impact of High Energy Prices

High Energy Costs are Hurting our Economy and Causing Pain for Many People

Due to the downturn in the economy after 9-11, United, Delta and Northwest Airlines went bankrupt. During the past two years these three airlines exited bankruptcy due to an improved economy, $60/barrel oil, reduced debt as a result of bankruptcy, operational improvements they made and salary concessions from employees/labor unions. $140/barrel oil is now threatening these and other airlines including American, Continental and others.