VTXDave
Well-Known Member
Hmm...rising costs in oil pushing people already on the edge into poverty. Heck, one of my techs that is the only breadwinner can't afford his propane bill any longer let alone put gas in his car to get to work. He had to make a decision, put food on the table or shut off the heat. He opted to shut off the heat. I'm sure he's not alone.
Now it's not only oil, but food. Transportation costs are skyrocketing. Another one of my techs has a Brother-in-Law that's a trucker. He was told that although the cost of diesel has gone up, the state has frozen how much a trucker can charge for transport. He makes less than $100 on a run from Sacramento to LA.
And food riots. Haiti's government recently fell due to rioting over food costs..
Haiti's government falls after food riots | International | Reuters
And in Yemen...
Food riots rock Yemen
Sam's Club, Costco Limit Rice Purchases - Business on The Huffington Post
Makes me wonder who's gonna light the fuse on this powder keg.
Now it's not only oil, but food. Transportation costs are skyrocketing. Another one of my techs has a Brother-in-Law that's a trucker. He was told that although the cost of diesel has gone up, the state has frozen how much a trucker can charge for transport. He makes less than $100 on a run from Sacramento to LA.
And food riots. Haiti's government recently fell due to rioting over food costs..
Haiti's government falls after food riots | International | Reuters
And in Yemen...
Food riots rock Yemen
With food prices rising in the US, Costco and Sam's Club are now rationing how much rice a customer may purchase...From Mexico to Pakistan, protests have turned violent. Rioters tore through three cities in the West African nation of Burkina Faso last month, burning government buildings and looting stores. Days later in Cameroon, a taxi drivers' strike over fuel prices mutated into a massive protest about food prices, leaving around 20 people dead.
Sam's Club, Costco Limit Rice Purchases - Business on The Huffington Post
Never in my life have I seen the situation like this. I witnessed the gas lines in the early 70's due to the oil embargo, but this is different.The move comes as U.S. rice futures hit a record high amid global food inflation...
Makes me wonder who's gonna light the fuse on this powder keg.