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Several of the biggest oil exporters saw their incomes surge by a good 30% this year, as prices stuck at the comfortable end of OPEC's $22-28 targetargete.
Luckily, the fishermen who recently demonstrated outside the European Commission to complain about fuel prices stuck to a simple list of grievances (before their protest disintegrated into the usual baton charges and splintered office windows).Fishermen are striking, marching on capitals and blockading ports all over Europe.
With America distraught about the security of its oil supplies, and petrol prices stuck well over $2 a gallon (more than 50 cents a litre) for the past year, the once-neglected term "fuel economy" has re-entered the country's vocabulary.
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"We just can't depend on low prices sticking around anymore".
(And that's based on petrol prices sticking where they are now; they could yet fall further).
"The question I have is, will those prices stick around for awhile?" Some experts say a rising gasoline price could slow the economic recovery.
"We are looking at $4.25, and remaining there for a minimum of two months, and oil prices sticking above $135 for two months," he said.
But if high prices persist, many businesses will face a profit squeeze or "will try once again to make prices stick" -- spurring a reaction from the Fed if they succeed and inflation looms.
With gas prices sticking near $4 a gallon, unemployment high in many states and demonstrable support for the project in numerous polls, many Democrats -- especially those from states where pipelines are commonplace -- are beginning to sound almost indistinguishable from Speaker John A. Boehner, who called Mr. Obama "increasingly isolated" in his opposition to expanding the project.
So their prices stick pretty close to net asset value.
It is a sign of heavy demand, which enables manufacturers to make higher prices stick.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com