Sunday, April 27, 2008

Oil Prices

I may be the only one in the world to think this but.....rising oil prices short term are good long term. Why you may ask. Well here it goes.

1- Investment in alternative fuel sources such as hydrogen fuel cells (and as Ford is attempting, modified combustion engines that are much cheaper but 95-99% emissions free)
2-Actual change in consumer behavior (reaching the point where gas and oil may become elastic)
3-Helping the environment may actually save companies money and money is one of the only things that talks.
4- Alberta can think about sustainable development
5- Canada, if we do it right, is decently positioned to become a leader in environment as well as alternative fuel sources. Some analysts say that Canada could avoid a US style recession just by pumping money into environmental R&D. Doubtful that it will happen anytime soon, but it is still a potential.

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