It's just that oil is the common denominator in our economy. Not just what we use in our personal cars, boats, etc but it's used in production all over the U.S. We heavily rely on plastics (to use just one example) to make virtually everything we consume. Plastics are petroleum based. When the cost of oil / fuel skyrockets that cost is passed along to the consumers by way of higher prices to produce and transport those goods to market and inflation starts. Hope recession is held at bay, but I'm nervous about the economy.
__________________
Skipper of CIRCUITOUS
Before you criticize someone, you should walk a mile in their shoes. That way when you criticize them, you're a mile away and you have their shoes.
Author Unknown.
|