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Thread: How can we live in the era of skyrocketing crude oil prices?

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[quote=JCNILE123,273480]I am sure we, the people of the USA can make many adjustments on our daily life, one of the marvelous privileges that we take for granted in this great nation of ours, is the fact that the common citizen can enjoy the goods of an open economy driven by the people.
Unlike other nations where the economy is part of the state structure, the limitations of the common people are so great that in reality there is not room at all to retrieve without falling in to misery rather than poverty.
That leads me to the base of this thread (How can we live in the era of skyrocketing crude oil prices?)
China have, as we speak, far over half of the population in a very low living standard; unlike the average USA citizen, as the going gets tough, we can reduce our spending behavior and adjust.
So, how can a Chinese peasant or city laborer reduce their spending behavior with out falling in to a deeper more remarkable level of poverty? Very difficult without a doubt!
At present time, China has over 700.000.000 people living in deep poverty, which is over 50 percent of China’s general population of 1.300.000.000.
The USA with a population of 300.000.000 has fewer than 13 percent people living in poverty.
China’s and the USA dependency on foreign oil: is a direct knock to the must vulnerably part of the population, the poor.
With more than half of the population in deep poverty: China is a very vulnerable nation to a direct attack on the state control fragile economy, by the OPEC states.
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