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However hard high oil prices hit the economy, you can be prepared.
There's an old joke that goes, "A friend of mine told me to cheer up, because things will get worse. So I cheered up, and things got worse."
When things get worse--when the economy takes a downturn--will your business suffer, or will it do better? I say when rather than if because 1) the economy continuously experiences up and down cycles, and 2) the price of oil will stay high.