A Proud Liberal wrote:
Prices in Europe and elsewhere have not had the same dramatic increases as we have had in the States.
Oh not so!!!!!!!!!!!!!!!! This problem is a world wide supply problem not merely a SUV issue in America. It is very possible it will bring the economy of the world into a major depression. As it hits manufacturing costs even in third world countries.
Global cost of soaring oil prices
The risk of strikes and social unrest has become a reality in many countries as fuel becomes unaffordable for more people...
The soaring oil price is having a "huge impact" on India's fast-growing economy, Karishma Vaswani, the BBC's India business correspondent says...
In Singapore, annual inflation is set to hit 7% while, in Vietnam, it has already hit 20%.
Even in Indonesia, one of the region's few major oil exporters and an Opec member, prices are set to rise above 10%.
Our reporter says this comes on top of the sharp rise in the cost of staple foods such as rice which is threatening to plunge millions of families into poverty. ......
Fuel-Price Protests Spread Across Europe
Lead Calls for Officials
To Cut Excise Taxes
By EMMA CHARLTON, CHRISTOPHER EMSDEN and ANDREA THOMAS
May 22, 2008
European protests against soaring fuel prices spread across the continent Wednesday, as fishermen, truckers and other groups called for government action as crude-oil prices hit yet another high.
The protests are creating conflicts for European policymakers, who have used every tool available to governments -- taxes, congestion charges, public-transport incentives and even bicycle rentals -- to reduce their countries' reliance on cars and trucks to cut fuel consumption and protect the environment. It's unlikely that a few protests will reverse that unified goal, although temporary rescue plans are expected.
France's politically powerful fishing unions want the government to increase a $480 million rescue plan aimed at offsetting a doubling in the cost of diesel fuel since November. The fishing fleet also has been blockading French ports and oil terminals on the Atlantic and the Mediterranean coasts for more than a week.........
http://online.wsj.com/article/SB1211408 ... lenews_wsj
Gas prices too high? Try Europe.
$7 a gallon? That's what drivers in Amsterdam pay. But Europeans have long adapted to high prices.
By Peter Ford | Staff writer of The Christian Science Monitor
PARIS – When Guy Colombier pulls his economy car up to a Paris pump, he allows himself just 15 Euros ($18) worth of gas - barely enough for three gallons. Since prices started rising rapidly earlier this year, says Mr. Colombier, a printing press worker, "I drive a lot more slowly ... and I'm looking for a place to live closer to where I work."...........
$8 FOR A GALLON OF GAS?! IN GERMANY, YES
http://worldblog.msnbc.msn.com/archive/ ... 81155.aspx
Nay sooth sayer the whole world is in the same box of shit. I can't imagine why you would think it wasn't.
1 gallon [US, liquid] = 3.785 411 784 liter you do the math