- Joined
- Feb 4, 2012
- Messages
- 25,566
- Reaction score
- 36,346
- Location
- American Refugee in Europe
- Gender
- Male
- Political Leaning
- Independent
Look at it this way: High gas prices are terrible for individuals, but great for the economy.
If you subscribe to peak oil, then you'll likely find the idea of a coming economic decline(due to the fall of the oil industry) valid. I find that high gas prices will force the implementation of an alternate infrastructure. And, well, the same is true about a lot; we'll be more ready to stop doing something if it's not working.
Taking money from the middle class to give it to rich oil tycoons is never good for the economy.