Thursday, July 23, 2009

Forbes.com: $20 Dollars Per Gallon - How the rising price of oil will change our lives

I recommend the following new book from Christopher Steiner of Forbes Magazine. His new book details the potential for $20/gallon gasoline and its impact on the American economy.


The following is adapted from $20 Per Gallon: How the Inevitable Rise in the Price of Gasoline Will Change Our Lives for the Better by Christopher Steiner, Grand Central Publishing (2009).


What does it mean to be middle-class? It means to have a home, to have a regular income, to have consumer freedom, to drive a gas-burning vehicle, and in general, to consume. And when people consume, they consume oil.

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