“Historically, spikes in energy prices are followed by a recession. The possibility (of a recession) is there; the probability is less than 50 percent, but it's there.”
“The question is: How high are prices going to go and how high will they spike? That will help us understand the broader implications to the economy, to the region and to the nation.”
“It's about relationships with people. That's why you can't just say 'We'll do something else and wait' because you have to maintain the relationships or they'll go to another source. That's not only true domestically but internationally.”
