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?
Rising Oil Prices, Changing Lifestyles and Consumer Choices
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