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Realistbear

How Oil Causes Recession-- A Simple Case Study From The U S

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http://wireservice.wired.com/wired/story.a...storyId=1521359

AP

By WILL LESTER Associated Press Writer

Saturday, May 06, 2006 3:30 a.m. ET

WASHINGTON (AP) -- Americans are driving less, trimming vacations and cutting back on heating and air conditioning, according to an AP-Ipsos poll taken as gasoline prices in many areas have topped $3 a gallon.
Seven in 10 say gas prices are causing a financial pinch. And that pressure is being felt increasingly by middle-income and higher-income families.
"Now, I'm just going to work and coming home _ not doing anything else," said Kathleen Roberts, who makes a daily, 100-mile round trip from York, Pa., to her teaching job in Baltimore.

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America is a special case. Communities are spread out. People travel long distances to work. Most Americans spend their holidays in America (driving to them across states) so high prices will limit where they go. When times are hard they are likely to stay at home.

There are alternatives to car travel like the train but most families don't use them for going on vacation. The documentary about Peak Oil and middle class families is well worth watching:

'The End Of Suburbia'

It basically explains how the dream of suburbia will fall apart because of high oil prices. Many people like you stated Realistbear drive huge distances to and from work each day. Any increase in Oil will be felt more by the Americans than us here in the UK.

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America is a special case. Communities are spread out. People travel long distances to work. Most Americans spend their holidays in America (driving to them across states) so high prices will limit where they go. When times are hard they are likely to stay at home.

There are alternatives to car travel like the train but most families don't use them for going on vacation. The documentary about Peak Oil and middle class families is well worth watching:

'The End Of Suburbia'

It basically explains how the dream of suburbia will fall apart because of high oil prices. Many people like you stated Realistbear drive huge distances to and from work each day. Any increase in Oil will be felt more by the Americans than us here in the UK.

Yeah but, no but..

What about our delivery drivers--trucks from the EU cover massive distances? All that cost will be passed on to the consumer eventually then Gordon will have re-work CPI to cover himself.

America is a special case. Communities are spread out. People travel long distances to work. Most Americans spend their holidays in America (driving to them across states) so high prices will limit where they go. When times are hard they are likely to stay at home.

There are alternatives to car travel like the train but most families don't use them for going on vacation. The documentary about Peak Oil and middle class families is well worth watching:

'The End Of Suburbia'

It basically explains how the dream of suburbia will fall apart because of high oil prices. Many people like you stated Realistbear drive huge distances to and from work each day. Any increase in Oil will be felt more by the Americans than us here in the UK.

Yeah but, no but..

What about our delivery drivers--trucks from the EU cover massive distances? All that cost will be passed on to the consumer eventually then Gordon will have re-work CPI to cover himself.

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Of course he is! "Free energy" ... who ever thought of such a thing? Who'd get all the back-handers? Next he'll be telling us that house prices could fall! :blink:

PS: Best quote I heard all week ... I think it was the presenter on the "More 4 Alternative News" programme: "If America is such a blessed country, why did God put all the oil underneath those who hate us the most?"

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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