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.
https://lemmy.zip/post/60756699
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. - Lemmy.zip
Lemmy
It can hit £500/barrel and my bike will be just fine
It’ll affect prices on everything though, because of the transport costs skyrocketing.
Here we produce a lot of food locally, and for energy we mostly rely on renewables. It’s pretty good, we haven’t been affected as much by the oil and gas prices.
What does your agricultural machine run on?
Electricity, we’ve got electric tractors. For electricity charging we got it from solar, wind, water, and nuclear.