The Green Files > In a shortage, businesses lose gas before homes
[The Oil Drum | A Community Discussion about Peak Oil] If the US didn't outsource manufacturing to countries that have lower net energy per capita requirements to live than American's, the US economy would see stagflation. It was the only way to keep the economy growing in an environment of declining net energy.
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[Oldman1787.blogspot.com] Oldman1787's Blog: 05/01/2004 - 05/31/2004: While the entire world was affected by what essentially can be equated as a rise in the price of energy, the US economy found the dramatic rise in oil prices - an astounding 184% in just the first six months of 1974 - to be particularly detrimental: it created a unique situation known as stagflation, whereby the rise in oil prices resulted in an overall rise of all prices, or inflation. This in turn increased business expenses and thus decreased profit margins -- thereby setting the stage for a contractionary economy that ushered in an era of higher unemployment.
[Patrick.net] patrick.net » Blog Archive » Oil Shock: I’ve used the word stagflation for some time to remind people where we are today - I started using it at work a few months back. Rising consumer prices, rising energy, salaries stagnant, and proxy wars fulminating in addition to a growing number of dependants on the state and federal government who are using equity to finance their existence.
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