Assuming oil keeps rising in price (which is a big assumption) will the price increase kill the suburbs? Author James Kunstler thinks so, arguing suburbs and large cities will take a big hit while smaller towns and cities will flourish. He also predicts the demise of Wal-Mart, which he described as a "warehouse-on-wheels." Of course, Kunstler also predicted Armageddon with the Y2K conversion.

 

Submitted: May 2, 2008    Views: 105    Comments: 0    Likes: 1   


View Article: http://www.businessweek.com/magazine/content/08_18/b4082056979063.h...



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