Friday, May 23, 2008

What if Gas Hits $10 a gallon?

It might not be the end of the world, just the end of the world as we know it. The article claims it may be good in the long run...I do not agree. I think the best thing in the long run would be a slow transition from oil. One that does not have any large price shocks and depressions. Depending on how quickly we find economical alternatives and how much worldwide demand is affected by rising prices, I feel this is possible. We may not have much of a choice in the matter, however.

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