[mmasters]

Will the surviving US middle class over the next 30-40 years suffer from peak oil?

[dolanbaker]

$this->bbcode_second_pass_quote('mmasters', 'W')ill the surviving US middle class over the next 30-40 years suffer from peak oil?

[Plantagenet]

The main effect of peak oil is to increase energy prices.

Higher energy prices have the knock-on effect of making virtually everything else more expensive as well.

Of course the vast majority of the middle class is going to suffer from higher and higher energy prices in the years to come. Isn't that obvious?

[mmasters]

$this->bbcode_second_pass_quote('Plantagenet', 'T')he main effect of peak oil is to increase energy prices.

Higher energy prices have the knock-on effect of making virtually everything else more expensive as well.

Of course the vast majority of the middle class is going to suffer from higher and higher energy prices in the years to come. Isn't that obvious?

[Plantagenet]

$this->bbcode_second_pass_quote('mmasters', '')$this->bbcode_second_pass_quote('Plantagenet', 'T')he main effect of peak oil is to increase energy prices.

Higher energy prices have the knock-on effect of making virtually everything else more expensive as well.

Of course the vast majority of the middle class is going to suffer from higher and higher energy prices in the years to come. Isn't that obvious?

[SamInNebraska]

$this->bbcode_second_pass_quote('Plantagenet', '
')How are you going to make yourself part of the upper middle class for the next 30 years?

Are you getting a degree in petroleum engineering?

[AgentR11]

$this->bbcode_second_pass_quote('mmasters', 'W')ill the surviving US middle class over the next 30-40 years suffer from peak oil?

[SeaGypsy]

That depends how $40k stacks up (inflation), where the family is and if the income is consistent. Housing busts, mass unemployment, other factors could make $40k look good. Here is Australia most of the workforce is being casualized. Full time permanent jobs (the kind the bank want you to have) are becoming rarer and rarer.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('dolanbaker', '')$this->bbcode_second_pass_quote('mmasters', 'W')ill the surviving US middle class over the next 30-40 years suffer from peak oil?

[SamInNebraska]

$this->bbcode_second_pass_quote('Outcast_Searcher', '
')So things like this could be used to deal with higher energy costs, and gasp, preparing for an unpredictable future. What a concept.

I don't expect this to happen quickly, or in our current government culture without a deafening amount of whining from many circles -- but over time, I do expect the reality to set in -- at least for those who prefer not to struggle and suffer economically as a SELF-IMPOSED way of life.

[MrEnergyCzar]

Those that clear their debts and learn to function on a homestead, living below their means will fair better....

MrEnergyCzar

[MrEnergyCzar]

$this->bbcode_second_pass_quote('SamInNebraska', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '
')So things like this could be used to deal with higher energy costs, and gasp, preparing for an unpredictable future. What a concept.

I don't expect this to happen quickly, or in our current government culture without a deafening amount of whining from many circles -- but over time, I do expect the reality to set in -- at least for those who prefer not to struggle and suffer economically as a SELF-IMPOSED way of life.

[AgentR11]

$this->bbcode_second_pass_quote('MrEnergyCzar', 'T')hose that clear their debts and learn to function on a homestead, living below their means will fair better..

[SamInNebraska]

$this->bbcode_second_pass_quote('MrEnergyCzar', '
')I talked about the benefits of the Volt elsewhere on the forum.