I hate to sound like Dr. Doom and Gloom, but have you paid attention to the cost of gasoline lately? Of course you have. It’s sickening to watch as prices resume their inexorable climb. The last time we saw prices spike was the last time the economy was in decent shape — right before the wheels fell off in 2008. The global economy is based on the assumption that transportation and raw materials are cheap and will remain so. Petroleum is our dominant fuel source, and it doubles as a raw material for plastics, rubber, fertilizer, cement and many other materials that make the world run.
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The CRM Silver Lining in the Fuel Crisis
Posted by: Denis Pombriant April 27, 2011 05:00 AMI hate to sound like Dr. Doom and Gloom, but have you paid attention to the cost of gasoline lately? Of course you have. It’s sickening to watch as prices resume their inexorable climb. The last time we saw prices spike was the last time the economy was in decent shape — right before the wheels fell off in 2008. The global economy is based on the assumption that transportation and raw materials are cheap and will remain so. Petroleum is our dominant fuel source, and it doubles as a raw material for plastics, rubber, fertilizer, cement and many other materials that make the world run.