By JLP | May 26, 2011
I saw this article on MSN: Why You Should Love $5 Gas.
Some of the author’s (questionable) reasons:
• Fewer people will die. Fewer people on the road meand fewer people will die.
• Higher prices will lead to lower prices. Theoretically the government will open up the floodgates and more oil will be produced. Hasn’t happened yet (as far as I know).
• End of wars because they’ll be too expensive to fight. Interesting…
• We’ll starve despots out of existence. Wow. Gas prices are high because oil prices are high. Worldwide demand for oil is high. If the U.S. doesn’t buy oil from despots, they’ll simply sell it to China or India. We aren’t going to starve anyone out of existence.
People who make more money can ride out the surge in gas prices. It’s the people at lower income levels who don’t want to hear how high gas prices are a good thing.