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Minnesota business by the numbers
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MEGABILL FOR FUEL
Fuel is the top operating expense for Northwest Airlines. The carrier has raised fares, but it's unable to pass along all its increased fuel costs to customers. If oil stays at much higher levels and averages $104 a barrel this year, Northwest could pay $800 million more for fuel than it anticipated.
Price of oil per barrel Total cost
2007 actual fuel bill $72 $3.7 billion
2008 estimated fuel bill $88 $4.4 billion
2008 potential fuel bill $104 $5.2 billion
Source: Northwest AirlinesRecent Business stories
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Blog: Patent Pending
Lights out at U energy conference. Irony police notified.
Just as Lawrence Kazmerski, a top official at the National Renewable Energy Laboratory, was about to give the keynote address at the University of Minnesota's annual E3 conference at the RiverCentre in St. Paul, the lights went out, bathing the audience in darkness and a deep sense of irony.
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