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The cost of energy is a pervasive force in the economy; from providing power to produce, fuel for farming and the delivery of goods and services. Sooner or later, the increases will begin to have an effect on the overall cost of these goods and services. Once this starts, it will initiate a feedback loop. Cost of living increases, labor costs will increase. Increased labor costs added to the cost for goods and services. In turn.........
Bottom line: Oil runs the world, and that includes the economies of most nations. As long as energy is imported at the current rate, and as long as emerging nations are bidding up the price, this situation will continue to exist and get even worse. And digging for a few million barrels in the Arctic is like putting a band-aid on a bullet wound.
But, what the heck...might as well buy that Ford Exploder and have fun while I can...Might as well as join the "ME" generation to the hilt!!
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Bob S. former owner of a 1984 silver 944
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