Local economies are suffering as people spend more on fuel and less on consumer goods and travel.
Sentiment: NEGATIVE
When people move from poor countries to America, they quickly adapt in at least one way - their consumption habits.
The more that energy costs, the less economic activity there can be.
Poor countries are poor because they are wasting their resources.
Cities all over the world are getting bigger as more and more people move from rural to urban sites, but that has created enormous problems with respect to environmental pollution and the general quality of life.
Economies are risky. Some industries rise, and others implode, like housing. Some places get richer, and others drop, like Atlantic City. Some people get new jobs that pay better, many lose their jobs or their wages.
For people who live in the suburbs and must commute long distances to work, their wealth will sink as energy prices rise.
I can tell you that when I travel the state, when I talk to people, they are really struggling, in a very real way. They're losing their jobs, they're losing their homes, they're dealing with financial challenges.
Economies are embedded inside ecosystems. Companies dependent on tourism, for example, are affected by low rainfall - there's less snow for skiers, and forest fires are more intense.
Most problems in poor countries are locally generated even though international factors do play a role.
Prosperous communities are much better able to survive hurricanes or other natural disasters because they have greater resources, both public and private, to fall back upon.
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