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Make Money Online Federal Reserve Chairman Alan Greenspan said on Tuesday the likelihood of persistently high energy prices would help check U.S. energy use and lead businesses to rethink energy-related investment decisions.

Small business owners this year are also far less concerned about the effect of high energy costs, with only 22 percent of them very concerned about its effect on their business (compared to 35 percent last year). In addition, 56 percent of small business owners think that high energy costs will lead to more consumers making online purchases this year, a marked decrease from last year's survey (65 percent).

Internet Business Opportunity ``The rise in six-year oil and (natural) gas futures prices is almost surely going to affect the growth of oil and gas consumption in the United States,'' Greenspan told a conference on energy security sponsored by the Center for Strategic and International Studies.

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Free Money He did not touch on the immediate outlook for the U.S. economy or interest rates.

"We have worked hard to protect our customers from these increases for as long as possible and offer consistently competitive energy prices. "Our input costs are now at record levels, having increased by up to 97 per cent since February 2007. Like other energy providers, we are now forced to pass on some of these higher costs." In the past month, business electricity suppliers npower, British Gas and EDF Energy have all increased the cost of their tariffs, blaming higher wholesale energy prices for their decisions.

Work At Home Business The Fed chief said the ``dramatic rise'' in oil and natural gas futures prices in recent years carried the potential to ``significantly affect the long-term path of the U.S. economy.''

Simple steps to cut your energy bills Small businesses use around 50% of total UK business energy, costing nearly £6 billion a year and are responsible for half of all business carbon emissions. Finding time to focus on energy is a real problem for most small business, but the crucifying costs of gas, oil and electricity will force this issue up the agenda.

Free Online Affiliate Program Greenspan said that since prices had risen sharply for the delivery of oil and natural gas six years out, such elevated prices would likely prove the norm.

Gordon Brown has renamed the DTI the Department for Business, Enterprise and Regulatory Reform (DBERR) to reflect its focus on the reduction of red tape and a commitment to entrepreneurship. 2006 British companies 'not implementing EMS' Many British companies are not implementing environmental management systems (EMS), new research suggests. According to research conducted by the British Standards Institute (BSI), although a majority of companies are concerned about the impact of energy costs on their business, 29 per cent of firms have not implemented an EMS.

Auction Coin Money Paper ``Six years is a period long enough to seek, discover, drill, and lift oil and gas, and hence futures prices at that horizon can be viewed as effective long-term prices,'' he said.

Franchise Business Opportunity ``The recent (price) shift ... has been substantial enough and persistent enough to influence business investment decisions, especially for facilities that require large quantities of natural gas,'' Greenspan added.

Best Free Online Affiliate ``Although the effect of these developments on energy-related investments is significant, it doubtless will fall far short of the large changes in our capital stock that followed the 1970s surge in crude oil prices,'' he said, noting that the U.S. economy had grown much less energy-dependent.

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Best Home Based Business Greenspan said high oil prices ``presumably'' reflected concerns over the potential for long-term supply disruptions in the Middle East, adding that market forces were as important a determinant of prices as the oil-producing OPEC cartel.

Affiliate Marketing Program ``Although OPEC production quotas have been a significant factor in price determination for a third of a century, the story since 1973 has been as much one of the power of markets as of power over markets,'' he said.

Money Site Thebillivard Com ``The signals provided by market prices have eventually resolved even the most seemingly insurmountable difficulties of inadequate domestic supply in the United States,'' Greenspan added.

Online Business Opportunity Crude oil prices have been above the $22 to $28 target price range set by the Organization of Petroleum Exporting Countries for all but one working day since last November, with U.S. crude prices hovering near $38 a barrel in recent days.

Pay Per Click Affiliate Saudi Oil Minister Ali al-Naimi told the conference earlier experts had underestimated oil demand in the first quarter. ``There are signs that worldwide inventories have begun to build but no one really knows for sure,'' he said.

Cnn Money At a meeting of finance ministers and central bankers from the Group of Seven nations over the weekend, Greenspan had said precautionary stock building was partly behind surging energy costs, according to French officials.

Business Opportunity Lead In a statement at the conclusion of their talks, the G7 ministers heralded a building global economic recovery, but said further oil price rises posed a threat.

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Making Money Program As for the rise in natural gas futures prices, Greenspan pinned it on North American supply-and-demand issues.

Work From Home Business ``Dramatic changes in technology in recent years, while making existing natural gas reserves stretch further, have been unable, in the face of inexorably rising demand, to keep the underlying long-term price for natural gas in the United States from rising,'' Greenspan said.

Internet Marketing Affiliate As he has on numerous occasions, Greenspan said the United States should increase the number of port facilities that can handle liquefied natural gas.

Money In The Bank ``Without the flexibility that such facilities impart, imbalances in supply and demand must inevitably engender price volatility,'' he said.

Internet Home Business Greenspan welcomed signs that a ``major expansion'' of U.S. natural gas import facilities was under way, but said: ``The near term, however, is apt to continue to be challenging.''

Credit Card Affiliate Program Reuters - 4/27/2004

Topic: Energy

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