[quote=DWCAP]At $30/gallon of gas, crude would be…. I dont know, what? $1000/barrel? More? Something like that.
Anyways AN and Breeze are correct that we would see falling levels of obsesity, but not because everyone would be rideing bikes, but because no one could afford to eat(fertalizer, running a tractor, shipping, pesticides, herbacides, all oil as a base ingrediant).
Stores would have to charge like $50 for a loaf of bread. That is a recipe for disaster every time. [/quote]
DWCAP, I completely agree. I was being very sarcastic but I guess that didn’t come off well over the internet. I just love how some people say it’s better with higher oil price because we’ll use less, but they fail to look beyond their own little bubble. Cost of food will go through the roof, parents won’t be able to buy diapers because diapers are made out of oil, airline will go out of business due to the cost which would cause people to fly less. Same with car companies. So you’ll have very high unemployment. Then these will then trickle to retail & tech, which will cause even more unemployment. You’ll be looking at massive hyper-inflation at that point.
