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Moncler Women goose coats mein Belt Buttons Brown Corporate America scrambles as oil heads to BOSTON (Reuters) As oil heads toward $100 per barrel, mlb jerseys Corporate America is scrambling to offset the cost by cutting back on energy use where it can and pushing through higher prices where it can t. Higher oil prices drive up corporate expenses from running factories to making petroleum based chemicals. Companies in energy intensive industries such as mining have also warned that oil prices are eroding their profits. "There is a fascinating aspect of the extent to which we are still able to absorb these very sharp rises in price without any evident weakening. Now, eventually, that has got to stop," former Federal Reserve Chairman Alan Greenspan said in a speech here this week. "If we go to a significantly moncler sneakers men further rise, it s going to impact," Greenspan said. "It s not possible that it will not because the sheer absorption of purchasing power. will drain the American economy significantly. light crude oil futures CLc1 were trading at $95.15 a barrel, up about $16 over the past month and up about 55 percent so far this Moncler Women goose coats mein Belt Buttons Brown moncler beanie men year. airlines have pushed through seven system wide fare increases since September s Labor Day holiday. round trip fares by $20. "Just since August, average spot market crude oil prices have risen by nearly $14 a barrel," American Airlines said in statement. airlines are largely moncler winter 2014 unprotected from the rise Moncler leon with hooded Men down jackets zip in fuel prices. Southwest has hedged most of its expected jet fuel needs through next year at prices well below current levels. But its chairman, Herb Kelleher, worries about steadily rising oil prices. "The United States is tremendously vulnerable to oil price shocks," Kelleher said in an interview Moncler Women coats down jura Hooded Buttons Dark blue on CNBC television on Thursday. Newmont s CEO Richard O Brien told analysts on Wednesday the company uses about 3 million barrels of oil per year. Oil represents about 12 percent of Newmont s costs. CUTS BOTH WAYS Diversified industrials argue that higher oil prices can be a bane and moncler lucie a boon. While the cost pressure is undeniable, high prices have sparked spending by oil companies to increase demand as well as investments in energy efficiency. Rising oil and natural gas prices increase the Peoria, Illinois based company s manufacturing costs, but Dugan said Caterpillar does not think overall market economics can support $100 a barrel oil prices. Higher prices also lead Caterpillar s customers in the oil and gas Moncler WoMen's Down Short Coats Dark Blue business to step up drilling and pipeline construction and to buy new equipment. Peter Klein, senior portfolio manager at Fifth Third Asset management, said corporate America would be able to stave off the effects of high oil prices for only so long. "At some point there is a pass through effect. You can only do so much and then you have to think about how you can maintain a margin." He said Wall Street, currently focused on stock market volatility related to credit market turmoil, may be underestimating the importance of rising oil prices. "It s the idea of the frog in the boiling water," Klein said. "If you throw a frog into boiling water, he jumps out. But if the heat is slowly turned up, you just don t notice the increase in pressure and temperature until it has overwhelmed you." (Additional reporting by James B. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests
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