What happens if oil hits $200 a barrel? Alberta or Texas will be fine. But economies that don't produce oil are screwed. Especially those that depend on cars.
What happens if oil hits $200 a barrel? Alberta or Texas will be fine. But economies that don't produce oil are screwed. Especially those that depend on cars.
The water in the pipes requires a lot of energy. Extraction, cleaning, pumping it around. It will get more expensive with higher energy prices.
Producing food requires a lot of energy. Tractors, harvesters, packaging plants, transport to supermarket. Energy prices will make your food more expensive.
Houses need heating, cooling, repairs.
The cost of almost everything almost everywhere will rise a lot very quickly in the coming months if this mess keeps getting messier (and it is). Fossil fuels and the price of it are deeply embedded in every aspect of life.
I am aware that some oil is in some way used for pretty much everything. But oil is also not the primary cost for almost anything. So double fuel costs won’t even double the cost of the product.
I would like to say I hope it will encourage people to seek more environmental options, but it happens every single time. Omg petrol is expensive we shouldn’t be so reliant on it. Oh its cheaper again now, lets not bother with those wind turbines because I don’t like the look of them.