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MIDEAST CRISIS HITS HOME N.C. FIRMS AFFECTED BY CONFLICT IN PERSIAN GULF

MIDEAST CRISIS HITS HOME N.C. FIRMS AFFECTED BY CONFLICT IN PERSIAN GULF

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Iraq's invasion of Kuwait nearly two months ago has had a profound effect on the economy across the country and throughout the world.

It's apparent that the price of oil - which three months ago was $15 a barrel - will rise to $40 or more as the crisis continues. That could Stories by Byron McCauley send gas prices to $2 per gallon.Further, economists are predicting that if the conflict isn't solved soon, it could send the United States into a full-fledged recession.

Economically, the crisis hits closeto home, too, and not just by rising gas prices.

This week, Triad Business Weekly looks at how four North Carolina businesses are being affected, directly or indirectly, by the Middle East crisis.

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