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FUEL COSTS * USA - $100 Oil Prices Could Bolster Green Efforts
High oil could spur inflation, hold back consumer spending NY-USA -Business Week -November 21, 2007: -- Economy already shaky w/ credit mess, retreating Wall Street. But optimists say high oil prices could energize environmental efforts... High oil prices could jolt consumers into using less energy... Also motivate lawmakers to fund renewable energy and offer incentives... Only problem: determining which alternative energy source is best to fund. Critics disagree on pros/cons of ethanol, hydrogen, electric... In the long run, businesses see benefits of going green... High oil prices also spur more oil exploration, drilling... (Picture from ValdezGas: Is to commence Drilling for Gas usingAnsett Drilling and Exploration in the Surat Basin,Queensland.)
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