Unfortunately, our economy in the USA was built to thrive on cheap energy. When that energy suddenly becomes not-so-cheap, people start to feel all sorts of pain. Obviously, the level of pain felt is less for those of means...but pain is pain.
For example, minimum wage earners will suffer much more. In 1972, a minimum wage earner could buy 4.5 gallons of gas with one hour's wages. Today, that same person cannot even buy 2 gallons of gas.
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