Effect of $200/barrel Oil on Daily life?

Last updated on Jul 19, 2008

Posted on Jul 19, 2008

Consumption of crude oil barrels per capita pe...

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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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