Posted 11:26 AM by Gene

SHUCKS:

By yesterday, as gas prices exceeded $3 a gallon in many areas, images of motorists waiting in line to buy gas conjured memories for many adults of the worst times in the 1970s, when sharp reductions in oil supplies helped send inflation and interest rates soaring, contributing to deep recessions.

Forecasters do not foresee a replay of such turmoil today, largely because the economy is much more energy-efficient than three decades ago, and is based more on providing services and less on manufacturing products. The country requires half as much oil to produce a dollar's worth of output as it did in the 1970s.

This was far down in the story. I increasingly question the purpose of the hacks. We can often guess the outcome of news events for ourselves. Moreover, there are only so many variations of people suffering. With every passing day the HACKS' myopia becomes so pronounced they're making US blind.