by Oakley » Sat 30 Apr 2011, 09:58:08
If the price of gasoline and other oil based products increases, many people will be forced to buy less of other things. This puts downward pressure on prices of these other things. The drag of huge debts which siphons purchasing power out of the economy, and the price pressure of oil which also siphons purchasing power out of the economy does not bode well for a recovery from the current depressed economy.
Disintegration of the industrial age is happening before our eyes.
"The deepest sin against the human mind is to believe things without evidence" Thomas H Huxley