While many in the private and public sector are worried about rising energy costs, we are not talking about this problem, which is potentially MORE serious than all our concerns both foreign and domestic.
Key point:
"The American consumer lifestyle took off thanks to low-cost fuel and food. Once families could drive and eat cheaply, they had plenty of disposable income for housing and consumer goods.
But if they can't do either anymore, how angry will they get as they buy less and pay more for the very staples of life?"
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