Good articles on Reuters about the price of oil and its effect on consumer spending.
I believe they said, travel is the lowest it has been since the late 1970s (remember the oil embargo and its almost decade long effects?). Consumer spending down, manufacturing down. Air travel industry in trouble etc. etc.
You get the picture. My question becomes, if its like this at 4 bucks a gallon, what will be the result of 5, 6 dollars a gallon? Will we see a NOTICEABLE difference in the amount of people driving? More scooters and motorcycles maybe?
Anyone planning to ask their boss for the opportunity to telecommute a few times a week? I know I did a few weeks back (it was approved) thank God.
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