A steep cost

Companies that operate in a smaller geographic area and use local suppliers have lower shipping and logistical costs, and are buffered from rising oil prices. In an age of peak oil, climate change, and rapidly growing global demand, that is a significant advantage that will only grow in importance. The Middle East is once again in turmoil, and oil prices were beginning a roller coaster rise in early 2011, driving down shares of many oil-dependent companies…. Prices at the gas pump aside, there is a growing recognition that there is a steep cost to carbon-based fossil fuels, and that cost will increasingly be imposed on its biggest users.

Amy Cortese