This short-term extension is important. It's just too bad that we couldn't extend the low cost of energy that we had 18 months ago. Eighteen months ago the price of a barrel of crude oil was $58.31. Today it's $128 a barrel, a $70 increase. What's important to small businesses is the cost of doing business. And the increase in energy cost, the increase in liquid fuel cost, the increase in electricity cost, bears a disproportionate share of the cost today, more so than 18 months ago.
John Shimkus: “This short-term extension is important. It's just too bad that we couldn't extend the low cost of energy that we had 18…”
On the recordMay 20, 2008
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govinfo.govEditor's note · Context
Discussing the impact of rising energy costs on small businesses.
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