Let me explain why high oil prices are the problem.
When the price of oil rises, the price of everything rises as one way or another it is the basic building block of our civilisation. We can make virtually nothing without it.
That means that the average citizen in every country will have to pay more for what they purchase. They therefor give priority to food, heating and transport or anything else that is essential like fags.
This leaves them less to spend as disposable income.
The manufacturer or merchant has to pay more his raw materials or stock, but because the customer has less money - he has to sell it cheaper or he won't sell it at all.
In other words he's squeezed by the hike in materials and goods and he's squeezed by a poorer customer.
Naturally enough, sales will fall and he may well go out of business. If he does - he can no-longer purchase the things he would have done like new TV or car or fridge. So the shops selling the fridge and car etc go bust - and their employees lose their job and stop going on holiday etc so the holiday company go bust...
This is the cycle that leads to recession.
If oil prices go much higher then just about ALL shops and companies will go bust.
No tax paid, no money to pay benefits. Welcome to the great depression of 2010.
The really bad news is, that however bad it gets - it'll stay that way for the rest of your life as commodity prices (oil, gas, metals etc) aren't coming down - they are going up. We've probably only got a 2 - 3% shortfall in oil at the moment - but look what's happened already.
Hope that helps.
