Monday, August 4, 2008

Causality

According to Dictionary.com Causality is the "relation of cause and effect".  What does this have to do with the expensive oil?  Everything.  CNN Money has just published an article that addresses the issue of expensive oil and how the economy has been affected by it.  With the rise in energy costs, Americans have cut back on their spending.  As a result of those cutbacks, companies like General Motors and others have posted major quarterly losses as of late.  As a result of these losses, companies are cutting back which means jobs will be lost.  Americans are also driving less.  The number of miles traveled dropped 4% between May 2007 and May 2008.  This is the third sharpest decline since since this type of record keeping started during the World War II years.  We need to stop the bleeding and find a happy medium so that energy costs do not break the bank and send the economy into a recession.

Please take a moment and review my original post and write to your elected officials.

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