Will oil gushing from gulf be the last straw before collapse?

It will have an effect on the economy because that's what people want. People will not give up their reliance on oil. People produce electric cars, cars that run on alternative fuels, hybrid cars, and people just laugh at them. "Thank you but no thank you I'll stick to my gas car." There are ways we can get away from oil, but we refuse to, and this is why our economy is so bad. We sit here day after day and complain about the economy, but refuse to do anything about the cause of our problem. The oil companies have been making record profits by raising gas prices so high, yet telling us the cost of the barrel has gone up and blah blah blah. Really, then how are you making such record profits? Because they are liars, and we are suckers. So now because of this spill oil companys, and gas stations will raise their prices. Is it because they need to? NO. Its because they all know we are suckers, and this is the perfect chance to raise the price of gas. Even though BP is just one company, all the companies will be using this as an excuse to raise their prices. And that will have a really bad effect on the economy. If we didn't need oil so badly, then this would have very little effect on our economy.

I can only say this is an environmental disaster of epic proportions.I'm not an expert and hence can't comment when the leakage will stop or what the signs are before the oil stops gushing into the ocean.I don't know what effect it will have on seafood to be consumed by all the people around the spill,it can only be bad but not good for the health of all those in the vicinity.Economy will bounce back after some years but what about the environment will it return to normalcy soon?I doubt it.