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Expert Analyses of the following article:

Economics 101: Oil Rises on Supply Questions

Source: www.forbes.com
Mark BurgerAugust 3, 2007
It's a function of percentage of household income and credit
Author: Mark Burger, Principal, Kestrel Development Company
American consumers have demonstrated great resilience in absorbing higher gasoline costs, whether in trade off of expenses, deferments or going further into debt.  It may be a function of overall energy costs exceeding a certain percentage of household incomes.
July 26, 2007
I have a theory
Author: GLG Expert Contributor
While oil is going up living standards are going down Every thing in the world is becoming cheaper and bad quality and people is getting use to it Clothing and fast food are proof of my theory
July 26, 2007
Familiarity breeds contempt? No. Opportunity costs.
Author: Kevin Boyle, Consultant, Boyle Consulting
The price of oil has not yet impinged on the cost of not using it.  It remain economically efficient.  As inflation sets in, however, there will be less and less incremental budget to be spent on energy.  This will likely fuel inflation and hurt demand.

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