It?s a very different economic environment from 10, even five years ago.
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 supply and demand is still strong for Portsmouth, ... Its a desired market, and the overall economy ... is performing well.
That doesn't mean that if the weather was nice, we would have had a good economy. We might have been eighth instead of ninth.
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.
