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.