Photo Credit: Madaboutasia
Maclean’s Magazine recently published an issue with the headline:
LIFE AT $200 A BARREL.
You won’t be able to eat, travel or live as you do now.
Say goodbye to the age of plenty.
And it occurred to me: I don’t really believe it.
I have the luxury of walking to work, and I gave up my car a number of years ago, so I’m not as in touch with rising oil/gas prices as those of you who commute.
But this goes a lot further than simply convincing us to use public transit instead of our cars.
Shipping costs have increased by 72%. What are the ramifications?
Consider your bananas. Your sugar. Your coffee.
I don’t know the micro-economics, but I’m guessing a big part of that cost is the transportation. Are you prepared to pay nearly double, soon, for these goods?
Consider your getaways and vacation/christmas travel to friends and family. Westjet now charges an additional $20 – $45 each way to cover their rising costs. AirCanada charges between $40 – $120. What will it be by next December?
The council of a suburb in Melbourne, Australia, is already planning how they will handle the lifestyle changes –
- kids moving out of the ‘burbs back into mom and dad’s downtown home, to avoid the commute
- increased demand for bike and pedestrian paths
- increased mental health issues caused by isolation
Readers, what’s your opinion: Do you believe oil prices will continue to skyrocket? Do you foresee that it will cause dramatic lifestyle/consumption changes for all of us? Have you personally experienced any impact yet?