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I managed to find somebody yesterday who is optimistic about the US economy! . He was quite a smart fellow who owns a print and copy shop and owns a masters degree in economics. No dummy. And what he said did make sense to some degree. He says that the crash of the dollar means that the US can export goods again and be competitive and that this will usher in a new era of revitalized manufacturing in America and ultimately cause a financial boom. I hope he is right. I am not so sure. But it was at least good to meet someone who has an optimistic viewpoint about the American economy and where it is headed. And this kind of viewpoint really applies to other things too including the price of gas. There is a particularly great advantage of the soaring price of oil that environmentalists should be celebrating: it is giving many people reason to look into renewable fuel sources, so much so that the rising price may usher in a tidal wave of alternative energy projects which could, in turn, lead to a greater share of the market and perhaps the mainstreaming of alternative energy. This would be a great thing. Overall, the high price of energy is having some pretty bad effects -- but if it can help tilt the playing field to alternative energy, this silver lining could be an epic and historic shift. The longer fuel prices remain at prices most people consider unacceptable, the more substantial potential consumer shift. A rise of ten percent in fuel prices reduces consumption by just roughly half a percent in the short term, but it lessens demand much more substantially over a longer period of time As people decide on the important things for the future, such as where they want to reside and what type of car they want, they are beginning to factor the price of gas into the equation. Some are selecting smaller cars or are moving closer to their jobs to cut down on driving. The recent concern has halted or impeded many new subdivisons, high fuel prices have restricted consumption and resulted in less purchasing of, and soaring construction costs are restricting new coal and gasoline refineries. At the same time, economic incentives are generating a frenzy of new clean energy construction. But the most amazing thing is that all this is occuring while the real workable method to lowering of gasoline consumption and helping the environment through cleaner emissions is RIGHT HERE AT WATER4GAS
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