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 2 months 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.

Korhaka@sopuli.xyz · 2 months ago

All those things are pocket change compared to the cost of housing with rent/mortgage. Fix the mortgage rate and life is easy. If anything inflation is eating away my debt nicely. Now its easy to pay it even on UK minimum wage.

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’