We almost accept the fact that the increase in oil prices causes the increase the cost of many other products and services. We complain and pay.. $33.89 at the pump yesterday, for my Camry?
But we do not see increase in air travel and I wonder why not. It is not as if people who do and want to travel won't do it. Sure, we grab bargains, but if we have to fly we will and will pay. Even taxis have had a "fuel surcharge" when a gallon at the pump was $1.50.
And if the cost of commuting will finally be more of a hardship, then perhaps more people will use mass transit, and will demand more funding for public transit.
Or.. they will live close to their place of work - until the next layoff - and will compromise on smaller homes and will finally realize that the "American Dream" is just that: a dream.
And, perhaps, at some point they will realize that what really matters to them is secure jobs, and affordable housing and transportation, and secure access to health care and retirement, and that what consenting adults do in the privacy of their homes and clinics are but a distraction.
And perhaps then they will decide to vote for the candidates that address these issues.
Yeah, keep dreaming. Sigh
Delta Stock Plunges Anew on Downgrade
http://abcnews.go.com/Business/wireStory?id=1023539&CMP=OTC-RSSFeeds0312SAN FRANCISCO (AFX) -- Airline stocks drifted lower Thursday morning leaving the Amex Airline Index off 0.3% to 48.18. Pressuring the sector, crude oil prices topped $65 a barrel in electronic trading ahead of the New York open. Northwest Airlines fell 0.2% to $4.20 while Continental Airlines slipped 0.2% to $14.65.
http://www.iii.co.uk/news/?type=afxnews&articleid=5377503&subject=general&action=article