We are living in a world where your only source of transportation is your feet. The only possible way to get around would take hours of walking, something we are not used to. I used ask myself, who would in the right mind travel in foot in this century? Such reality is due to the oil crisis and it’s only getting worse. It is not only affecting travelers, it is also affecting businesses as well. Since oil is becoming scarce, they are forced to close down. One of those businesses that hit rock bottom was American Airlines. They were unable to buy oil and they need fuel to power their planes to fulfill their service. It not only hit airline companies’ revenue, it also affected national budget. With the closure of the airline, it will affect employment since thousands of people depend on this company. This will drastically influence our economy to downfall since people will no longer have the ability to contribute throughout the economy and will no longer be able to travel; which will affect other foreign countries. People are spending less money on items like chips, soda, television, and other things that we don’t necessarily need to survive. Since luxury items are now scarce, these products are becoming pricey and no one is able to buy them anyways. They are an elastic demand. Even though all products are becoming pricey, fruits, vegetables, dairy, and meat aren’t as affected as luxury items because they are inelastic demand. This is deeply affecting many people all around the world, if this continues; I am afraid what the world will come to. All I can say is, why couldn’t this be prevented?
Source: Climate Progress
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