Big -- we're getting hosed. Everybody is...everywhere in the world. Crude oil has increased 1,220% since 1999. This compares unfavorably to the world economy being only 30% larger; something is wrong here. Either oil was horrifically under-priced in 1999, or we're over-paying now. Hopefully it will correct soon, as it is in nobody's interest for the the entire world to suffer a recession or depression because of high energy prices.
Originally Posted by Big  Popularity of motorcycles, public transportation and seldom use of cars by those that own cars is what Soviet Union was about. Now it is coming to America:
Hating every minute of it, Americans are slowly learning to live with high gasoline prices. For a nation accustomed to cheap fuel, big vehicles and sprawling suburbs, the adjustments are wrenching.
Cory Asmus of Temecula, Calif., just bought a $4,800 motorcycle for his 20-mile drive to work so he could cut his gas bill to $8 a week, from $110.
Florian Bialas, a retiree who lives near Chicago, sold his Pontiac Sunfire for $3,000 and plans to give up his license when it expires in September. “I can walk to most places where I need to go,” he said.
And Debbie Gloyd of Cleveland has parked her Chrysler Concorde and started taking the bus to work. “I can’t afford these gas prices,” she said. “They’re insane.”
http://www.nytimes.com/2008/05/24/bu...=1&oref=slogin |