Bolstered by increasing soil moisture, longer growing seasons, warmer winters, and the fertilizing effects of more atmospheric carbon dioxide, crop production continues its long and impressive run of ever-increasing yields as global temperatures warm.

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That effect is greater in the long run as employers change their production methods to save on the higher-priced labor, and is more pronounced for minorities.

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Moreover, the decrease in employment will be greater in the long run than in the short run, as employers shift to labor-saving methods of production.

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In the long run, British Petroleum is also looking at bringing larger production vessels in, create a more permanent connection that can be disconnected easily in case we have a hurricane or bad weather later on in the hurricane season, and will continue to optimize the production out of the well to contain it.

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That positive long-term news is partially offset in the short run by shifts in the production landscape, where the rapid advances and lower costs achieved by some firms have outflanked many others.

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