{"id":73,"date":"2008-07-22T16:23:00","date_gmt":"2008-07-22T21:23:00","guid":{"rendered":"http:\/\/blogs.elca.org\/hungerrumblings\/2008\/07\/22\/rising-prices-rising-hope\/"},"modified":"2008-07-22T16:23:00","modified_gmt":"2008-07-22T21:23:00","slug":"rising-prices-rising-hope","status":"publish","type":"post","link":"https:\/\/blogs.elca.org\/worldhunger\/rising-prices-rising-hope\/","title":{"rendered":"Rising Prices, Rising Hope?"},"content":{"rendered":"<p><span style=\"font-family:trebuchet ms;font-size:85%\">According to <\/span><a href=\"http:\/\/www.bloomberg.com\/energy\/\"><span style=\"font-family:trebuchet ms;font-size:85%\">Bloomberg.com<\/span><\/a><span style=\"font-family:trebuchet ms;font-size:85%\">, as of 10:23 a.m. EST this morning, the price of petroleum in the United States is $127.14 per barrel. The <\/span><a href=\"http:\/\/www.eia.doe.gov\/oil_gas\/petroleum\/data_publications\/wrgp\/mogas_home_page.html\"><span style=\"font-family:trebuchet ms;font-size:85%\">Energy Information Administration<\/span><\/a><span style=\"font-family:trebuchet ms;font-size:85%\"> states that, as of July 21, the average price of gas in the Midwest is $3.91, which is down from a week ago, but up an entire dollar from the price at this time last year.<\/p>\n<p>In our truly, globalized economy, most everything is interconnected. As the price of gasoline continues to climb, it is amazing, and somewhat alarming, to watch as the entire market begins to change. This past week, <\/span><a href=\"http:\/\/www.newsweek.com\/\"><span style=\"font-family:trebuchet ms;font-size:85%\">Newsweek magazine<\/span><\/a><span style=\"font-family:trebuchet ms;font-size:85%\"> did an article in the business section entitled \u201cLife at $200 a Barrel.\u201d The article research comes from different sources and is based on the estimated effects of $200 per barrel oil. Here are some of the projections (all in USD):<\/p>\n<p>Barrel of Oil<br \/>                Now: $147<br \/>                Future: $200<br \/>Gasoline<br \/>                Now: $4.11\/ gal.<br \/>                Future: $6.30\/ gal.<br \/>Diesel Fuel<br \/>                Now: $4.50\/ gal.<br \/>                Future: $5.55\/gal.<br \/>Tomatoes<br \/>                Now: $1.77\/lb.<br \/>                Future: $2.86\/ lb.<br \/>Lettuce<br \/>                Now: $0.90\/ lb.<br \/>                Future: $1.45\/lb.<br \/>Shipping containers from Asia:<br \/>                Now: $8,350<br \/>                Future: $15,000<\/p>\n<p>The article makes a good point, stating, \u201cWhen people and businesses spend more on fuel, they have less to spend on everything else,\u201d and argues that $200 per barrel oil \u201cwould cause economic growth (in [Gross Domestic Product] GDP) to slow by a couple of points a year.\u201d As of now, people are still spending more on food than on gas, but it is forecasted that around fall 2009, we will begin to spend more on gasoline for our cars than on food for our stomachs.<\/p>\n<p>I read articles like this often, and I am always left with the question, \u201cWhat does all this mean?\u201d<\/p>\n<p>My thoughts are these. First, with the price of oil on the rise, which directly and indirectly affects everything else, it will be important for minimum wages and salaries, in general, to change in response to increasing prices. I know there is a need for much more extensive planning and long-range thinking, but what do we do in the interim? Second, if we are heading toward a world where we pay more of our hard earned money on gas to get to work than on food for dinner with our family and friends\u2026how does that affect hunger, both the physical experience of hunger and, possibly, the experience of emotional and relational hunger?<\/p>\n<p>The future at times looks bleak, but, I am struck by these words from an African proverb, \u201cFor tomorrow belongs to the people who prepare for it today.\u201d People of peace, let us begin to prepare, intentionally and carefully, today! <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Bloomberg.com, as of 10:23 a.m. EST this morning, the price of petroleum in the United States is $127.14 per barrel. The Energy Information Administration states that, as of July 21, the average price of gas in the Midwest is $3.91, which is down from a week ago, but up an entire dollar from [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[136,164],"class_list":["post-73","post","type-post","status-publish","format-standard","hentry","category-post","tag-cost-of-living","tag-oil"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rising Prices, Rising Hope? - ELCA World Hunger<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.elca.org\/worldhunger\/rising-prices-rising-hope\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rising Prices, Rising Hope? - ELCA World Hunger\" \/>\n<meta property=\"og:description\" content=\"According to Bloomberg.com, as of 10:23 a.m. EST this morning, the price of petroleum in the United States is $127.14 per barrel. 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