The Dow has dropped to below 5000 and the the temperature outside is frightfully chilly. It may only be hovering around freezing but to someone without heat or electricity it is really cold.
Job loses top all time lows and companies big and small are toppling all around us.
Equipment at the gas company is running fine. It has a few band-aids on it at the electric company but if anything goes wrong it could be disastrous. The water company has needed some new filtration equipment for months and is holding out for payments from its customers. Revenues in all utilities are lower than ever in the history of the country. Whats worse is that the suppliers that were ready to sell new electric motors and parts for the utilities have almost all disappeared.
One major ice storm and utilities would be gone.
Have you considered that when you lose your job and cannot pay the electric company it will have an effect on the whole system. Small under funded utilities companies will go first. Then as supplies for parts evaporate so will the big ones. The utilities won't be able to borrow money to fix power plants and grids. They won't be able to supply you even if you did make your payment. The suppliers cannot extend credit to companies that cannot pay and they too will dissolve.
This economic disaster can and will effect our creature comforts. It will effect the way we are used to living.
This could be the headlines in November or December. What will we do?
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