Rising Oil Prices is a Good Thing
By
Gabriel Kent
on April 04, 2008
...because it necessitates innovation in alternatives.
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Discussion (2)
You've definately got a silver lining there, but I don't know if it is enough to call the price increase good.
The high price of oil is funding the governments of Iran, Russia, and Venezuela, among others.
I think a tax increase is in order: much of the tax will be absorbed by the seller, and we can put the money towards alternative energy sources.