What happens if oil hits $200 a barrel? Alberta or Texas will be fine. But economies that don't produce oil are screwed. Especially those that depend on cars.

Canaii@lemmy.zip · edit-2 5 days ago

What happens if oil hits $200 a barrel? Alberta or Texas will be fine. But economies that don't produce oil are screwed. Especially those that depend on cars.

wabafee@lemmy.world · edit-2 3 days ago

Revolution, hunger and potential conflict between states. Then there would be downward trend of all kinds of consumption. Rise in cycling or walking. Governments potentially slow down to save cost. Rich guy/girl talk about saving or donating to X in Youtube. While he bask in the sun or ride on a jet. Basically COVID all over again.

What happens if oil hits $200 a barrel? Alberta or Texas will be fine. But economies that don't produce oil are screwed. Especially those that depend on cars.

What happens if oil hits $200 a barrel? Alberta or Texas will be fine. But economies that don't produce oil are screwed. Especially those that depend on cars.

‘We Would Be Entering a Completely Different World’