This post from Business Opportunities and Ideas opines that there are some good things about high gas prices. I must admit the same idea has crossed my mind…
However, I don’t think the high price of oil is a bad thing. For years we’ve been warned that oil is running out and that burning it is a major contributor to greenhouse gasses – but despite acknowledging the facts we’ve not really changed our habits. Experience tells us that when prices increase the incentives to find alternates also increases and that’s got to be good news for the environment. Even if it’s a pain in the butt for most of us now.It also makes me think that alternatives to oil are going to be the next big boom – if you missed the Internet boom then here’s your advanced warning alternatives to oil is the biggest business opportunity of the next 10-20 years – I predict that there will be many billionaires made in businesses that provide alternative technology to oil.