Friday, January 4, 2008

Peak Oil

It amazes me how many people do not see the disaster we are heading towards. With oil now at record highs it is only a matter of time before the economy collapses. How do working class Americans take vacations, buy electronics, and fuel our consumer economy when all of their disposable income is headed for gasoline?

Minimum wage is around $7.00 an hour in most states and we are headed for $3.50-$4.00 a gallon of gasoline.

The effects this will have on the economy will be mind blowing.

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