Fuel costs have surged this month. The Energy Department has said oil prices are higher than they’ve ever been at this time of year. We’re likely to see these high oil costs not only at the pump, but in higher prices for other purchases such as food.
Earlier this month in Washington D.C., former government officials and cabinet members sat around a table to discuss our nation’s reliance on oil. But they didn’t show Powerpoint slides – they played a game. The simulation is called Oil ShockWave, enacts what might happen in an actual oil crisis.
Gene Sperling, former economic advisor to President Clinton, played the role of Secretary of the Treasury. He says the main lesson of the game is that people in politics should act now – once a crisis hits, there is little government officials can do.
Read more here.