You don't understand localized economies. The price of gas in other countries has nothing to do with the price of gas in other countries.
Of course. But you asked "What will happen if gas hits 7.00 a gal." To learn the answer to that, you can look at what actually _did_ happen in places where gas hit $7.00 a gallon (and went even higher than that.) And it was not at all apocalyptic; people adapted.
It's like asking "what will happen if gas hits $2.00 a gallon?" Not too much of a mystery; it's happened to us, even though people predicted doom and gloom once it rose over $1.00.
If a bushel of beans cost 5 dollars one day and you were dependent on those beans for substance and they went to 12 dollars you would be priced out of buying beans , This equals economic collapse no matter how you dice it .
On the other hand, if you could still get rice and it hasn't gone up much in price, then it's not nearly as bad. Or if you were a glutton, eating three times as much as you needed to, then having to eat fewer beans would actually be a good thing overall.
The American can not pay 8 dollars a gal. and keep up production.
Sure they can. They'd drive a lot less, buy smaller cars and trucks, move closer to where they worked, depend more on trains and boats, use alternate fuels and telecommute more. The economy would surely change; oil companies would make more money, SUV manufacturers less. Tesla would make more money, GM less. Union Pacific more, Fedex less.
So your hole thing of punish America because our gas is cheaper is not valid.
?? No punishment for cheap gas or reward for expensive gas. It is what it is.
and the poor people coupled up in High rises in the inner cities will get the brunt of punishment
They're actually the best situated to deal with it. Cities generally have sea and rail access, and those modes of transport will become more relied-upon to transport food and goods once fossil fuels for transportation becomes more of a problem. They can walk or take public transit to work, school and shopping.
Now, those families living in suburbia - they're going to have problems. When you live four miles from everything, but population densities are too low to put in mass transit - you have to drive everywhere.
So one of the effects of high gas prices will be the gradual shrinking of suburbia.
Did you see how much beef is going up these days . Shit all food prices . Let the games begin
Good! Fewer health problems. Beef was once a luxury food; we seemed to survive just fine.