|
Oil Threat: Business Leaders Are Not Sure that Burgeoning Oil Prices Will Derail Economic Recovery, Forecast the Crisis as Peaking in a Month, and Want the Federal Government to Encourage Reduced Dependency on Vulnerable Oil
CIBC/Chamber Weekly CEO/Business Leader Poll by COMPAS in the Financial Post
|
|
CEOs and other business leaders are not certain that surging oil prices will derail the recovery, perceiving the oil threat as peaking in a month and then abating. Few business leaders are making contingency plans or otherwise taking action--they are taking a wait-and-see approach instead. They give the federal government a passing grade for assuring security of supply but wish the government would take stronger action with respect to conservation, directing energy use away from oil, encouraging domestic exploration, and diversifying oil imports away from the Mid-East and other unstable sources. These are key findings from this week’s National Post/COMPAS survey sponsored by the Canadian Chamber of Commerce and CIBC Small Business.
|
