Have you ever wondered what it would be like to be hit with both the oil crisis in the 1970s and the financial crisis in the 1990s at the same time? With soaring oil and food prices hitting an all-time high, combined with global mortgage problems and credit card debt, we are moments away from facing a resources crisis – one that may very well drive us into a global recession.
Recently, we’ve seen oil hit an all-time high at $140 per barrel and while most consumers believe this will only affect the pump, they have failed to see the big picture. Crude oil is an important input in every process of the commodity chain, from production to transportation and distribution of every good. To companies, this will translate to higher cost of inputs, which leaves them with two options: cut cost or raise prices.
If companies decide to cut cost, they will downsize and layoff thousands of workers. While this is an ideal business solution, it does not solve the economic problems at hand.......

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Title: Adding Fuel To Financial Fire
Approximate Word Count: 498
Approximate Pages: 2 (250 words per double-spaced page)

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