Yahoo Finance had a good article last night talking about some of the potential issues, but it doesn't go far enough. Don't want to be an alarmist but don't forget about these three key areas too:
- Food - Until they get transporters dialed in, the only way that food makes it from crop, to warehouse, to grocery store is on trucks, planes and boats. Given that Food is a necessity it is easier to pass on fuel surcharges here than most places and it is usually directly passed on.
- Clothes - Polyester may be called different things then we were kids, but a lot of the microfiber in the world is still partially oil derived.
- Plastic - Raw plastic pellets is way higher. Expect higher priced toys, CDs, DVDs, etc..
No one is "off the grid" enough to say they don't eat or use plastic, or use most other synthetic fibers. It is all manageable, but it will take even tighter watching of your money and budget.
Just remember everything has consequences, but having a plan in a storm is always better than not having one...