Rising Oil Prices & the Link to Telecom

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Rising Oil Prices & the Link to Telecom

June 9th, 2004 Issue

Oil shocks, rising prices, dwindling supplies…..it was 1979 and I remember reading an article on the wall of my high school economics class that described the horrible conditions that resulted from this energy crisis. Of course, when I first read these words, I thought they were referring to the dismal economic climate that afflicted the U.S. It was only when I got to the end of the article that I realized that they were talking about the 1850s and the shortage of whale oil. That article taught me a number of things, but, first and foremost I learned that as prices rise, it becomes profitable to substitute goods that otherwise would have been too expensive to bring to market.

Well, I am reminded of the 70s again, with all of the people I hear whining about the price of gas. I even read in the latest issue of the National Geographic that someday soon we will begin seeing a decline in oil production (I am sure it will happen someday – although in the 70s, I remember “experts” predicting that we would be out of oil by now and, oh yeah, that there would be global cooling). This article is not a discussion of the future. Instead it is intended to give telcos some ideas as to how to make the most of today’s interesting situation. Click here to see what I mean (Must be a Club.Viodi member). Bear with me on this article and my trip through the 70s…I eventually get to the point….

Note, to view the rest of this article, you must be a club.viodi member. Club.viodi membership is only open to independent telcos and is made available at the sole discretion of Viodi, LLC. To obtain a user ID and password, please contact us at clubviodi@viodi.com.

Club.Viodi members, please click here to see this article.

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