"The average family in Massachusetts is on the hook for about $14,000 a year, whether they own a car or not, the study found. For those who do own vehicles, the average annual costs nearly double."— Maria Genco (@mc_genco) December 13, 2019
Friday, December 13, 2019
at 10:03 AM
Monday, December 9, 2019
We already seem to be on the road toward a new crisis; this crisis is likely to be much worse than the Great Recession of 2008-2009. This time, a major problem is likely to be energy prices that are too low for producers. Last time, a major problem was oil prices that were too high for consumers.https://ourfiniteworld.com/2019/12/08/recession-ahead-an-overview-of-our-predicament/
The problem is oil. Since 2005, every day more joules of energy are needed to get a joule of oil out of the ground and into service. The oil industry cannot tolerate low oil prices. This is not a future thing, this is right now. The only thing keeping the economy going is massive debt.
Even though natural gas is plentiful, oil still moves the cars, trucks, trains, and ships. No transport, no economy.
at 8:34 PM