Writing, Meet Wall
Analysts appear to be surprised that rising gas prices result in reduction of discretionary spending. It is called the writing on the wall people. I am so a prophet of doom. I really need a new category for running around yelling that the sky is falling.
But seriously, given all of the uncertainties in what the oil reserves really are, we should be able to see this one coming (pdf). (That last link is a GAO report that I actually find heartening. It shows that someone in the government is listening.)
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