| Unlike the 1970s, when an oil embargo left Americans in long lines at gasoline stations and paying higher prices, today's oil crisis has been stealthy. Its economic impact has been masked by consumers tapping credit cards and home equity to cover the rising cost of energy and some consumer goods. Even with US airlines cutting flights and SUV sales tanking, the effects of expensive oil on the American family could be stark. |
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At www.alternet.org
At www.alternet.org
