by turtleT » Thu 13 Apr 2006, 13:44:39
I'm glad that some of you are not affected by the recent rise in energy prices yet. I truly am. But let me tell you, as someone living in the trenches of near poverty, things are really beginning to affect the 'little' people. I am a highly qualified professional in the medical field; however, I have not quite finished my medical residency, thus I am living on a graduate student's salary. I have no disposable income, no savings, and severe debt - some of which I have to pay back monthly right now, some of which is deferred. My education extends 10 years past high school.
Just giving background so that you understand I am a hard working individual.
So there I was with no disposable income able to get by from paycheck to paycheck based on my budget calculations from 2 years ago. I got married to another economically poor soul, who lost her employment for what I see as reasons related to the downturn of the U.S. economy and PO, and has not been able to find a new job yet. Along comes the massive increase (for us) in energy costs. Suddenly, we have to choose between paying the phone bill and paying the heating bill. Well, that was an easy choice, the phone went and we are still without one. Yet that wasn't quite enough. Soon we were choosing between eating and paying the utilities. We tried going without a little of both. Juggling having the gas turned off for a bit, then the electric, then our water (that was tough), then seeing how much beans and rice we could stand. Then my wife found a church that would donate food for some volunteer time. That helped a lot. We're still scraping by, out of money again until next month, but thankful that we have a full fridge - not everyone is as lucky.
My point is, the consequences of peak oil are hitting. They may not be hitting you yet, but they are starting to affect the poor. I can't imagine what some people must be going through that are a lot poorer than me. The issue here is just as some people pointed out in previous posts. You may be able to personally weather the recent increase in energy related costs, but you don't exist in a economic vaccuum. The people that lose their jobs because you are forced to cut back on discretionary income will have less money to put back into the economy. Just like my family. We don't go out to eat. We don't buy new clothes. We don't buy electronics. We can't even afford Wal-Mart's crap (not that we'd want to!). More and more people will be falling into my category as time goes on. How do you think that will affect the economy?
T