Rising oil prices, changing lifestyles
The spiraling cost of gas is hitting hard everywhere. Truckers and fishermen in Europe are protesting prices that have reached $10 a gallon. As hearings were held in the US Senate today about whether oil prices are being manipulated by speculators, General Motors announced that it is closing four SUV and pick-up plants, along with plans to roll out more fuel efficient vehicles. What kind of long-term changes are in store? Have Americans reached the tipping point in terms of their consumer lifestyle? Will suburbs be forced to transform into small towns?
Guests:
– Rana Faroohar: International Economics Editor, "Newsweek"
– Daniel Fisher: Senior Editor, "Forbes"
– Vijay Vaitheeswaran: Global Correspondent, "The Economist"
– Christopher Leinberger: Visiting Fellow, Brookings Institution
– Sam Staley: Director of Urban Growth Policy, Reason Foundation
Hosted by award-winning journalist Warren Olney, "To the Point" presents informative and thought-provoking discussion of major news stories — front-page issues that attract a savvy and serious news audience.