More than an economic strong impact, the high fuel prices (and in general all energy) is hitting a physiological level.

This is the price of fuel, on March 15^th, at a Valero station in Clewiston, on Route 80/27, mainly an agricultural area on the South-West of Lake Okeechobee, Florida.

Slowly, slowly is it more difficult to conduct business in this environment, without a rise in the products and services.

It is simply a matter of finding alternative sources of energy, locally. The energy cannot be imported. It has to be produced, harvested at home, renewable and in agreement with the environment.

Updating this report (May 4th, 2008) the Diesel prices are above $4.50 a gallon, along with unleaded roaming at $3.70.

In the last week alone, the prices increased with about 20 cents and from the 2007, at least 70-80 cents.

Due to increase market deman in China and India, home increase in the same oil exporting countries (due to influx of money and new vehicle aquisitions), the oil & gas price will go only up.

We cannot expect a decrease in prices for at least 10-20 months, or until a major new alternative source will be widely and commercially available.

In how long the political leaders & coporations CEO's will take the sinple decision to find new affordable and local sources of energy "Made in USA"?

HEDI ENGHELBERG

hedi@enghelberg.com