Rising Oil Prices, Changing Lifestyles and Consumer Choices

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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?

Credits

Guests:
Rana Foroohar - Time magazine - @RanaForoohar, Daniel Fisher - Senior Editor, Forbes, Vijay Vaitheeswaran - Global Correspondent, The Economist, Christopher Leinberger - Visiting Fellow, Brookings Institution, Sam Staley - Florida State University - @samrstaley

Host:
Sara Terry

Producers:
Frances Anderton, Dan Konecky, Sonya Geis