CanaiiMar 14

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

Show threadKorhakaMar 14
It can hit £500/barrel and my bike will be just fine
Show threadChicoSuaveMar 15
At that price the cost of fertilizer will be astronomical and cause a spike in food prices as farms become unprofitable unless prices go up an order of magnitude to keep up. The moment you bankrupt farms is the moment famine enters the chat.
Show threadfodor
It’s not an order of magnitude, lol.
Mar 15 at 3:18amWeb
Show threadKorhaka6d ago
Yeah, good will go up a bit but as almost all of the cost of living is housing it kinda makes everything else pretty minor in comparison.