Economics

Effect of $200/barrel Oil on Daily life?

Consumption of crude oil barrels per capita pe...

Image via Wikipedia

The July 21st Newsweek had a very interesting graphic. It shows how will different things get affected if and when the price of Crude reaches $200/barrel. It is very informative. I am pretty sure that the effect on Indian life will be pretty similar as well… although the Government somehow shields some of the people from the effects of rise in oil price through price limit on sale of petrol and the petrol pumps.. something that doesn’t happen in the US.


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