Back in 2008, the price of a barrel of oil rose to $133, and prices at the pump topped $4 per gallon. As the economy slowed, and demand for oil dropped, the price did as well. However, the cost of oil has risen to just over $90 a barrel, as confidence in the economic recovery grows stronger and the price of filling up your car is expected to keep rising throughout 2011. What will happen to our economic recovery if we hit the psychological benchmark of $100 per barrel or higher this year?
Garry Golden, futurist and blogger for The Energy Road Map joins us, along with Lisa Margonelli, Fellow at the New America Foundation and author of the book “Oil on the Brain: Petroleum's Long, Strange Trip to Your Tank.” They discuss the economic effects of rising oil prices and the changes in international and national infrastructure from electric vehicles to the new oil pipeline in Siberia.