Scientist studies effects of high gas prices on American workers

The socio-economic effects of high energy prices are most dramatic in the developing world and amongst the poor. There, the situation is catastrophic, so much so that the UN stated the following in its latest report on bioenergy: “Recent oil price increases have had devastating effects on many of the world’s poor countries, some of which now spend as much as six times as much on fuel as they do on health. Others spend twice the money on fuel as they do on poverty alleviation. And in still others, the foreign exchange drain from higher oil prices is five times the gain from recent debt relief.” But even in highly developed countries, like the US, the phenomenon has considerable impacts on workers and their families.
Biopact.