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AddLast year's high gas prices stopping people from spending like they used to

Old habits die hard, and when it comes to changing our spending habits to account for gas price increases, newer ones do as well. About four in five Americans have held steady with their lower discretionary spending levels from last year – a time when gas prices spiked – despite the fact that the cost to fill up a tank has dropped since then. And those habits are consistent across age and income brackets.

43Global spending on advanced oil, gas exploration tech to hit $10.17 billion in 2011

Although the Arctic has incredible potential energy resources – the United States Geological Survey (USGS) estimates 90 billion barrels of undiscovered oil and 1,668 trillion cubic feet of undiscovered gas – extracting that fuel will be costly.

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