Monday, October 31, 2005

High Gas Prices: Blessing in Disguise?: The Future for Investors - Yahoo! Finance

High Gas Prices: Blessing in Disguise?: The Future for Investors - Yahoo! Finance: "The shock from higher oil prices will ultimately benefit the economy. The earlier we confront the reality of a diminishing supply of oil the better off we will be. As a result of the first oil crisis in the 1970s, we developed new technologies that allowed us to reduce the amount of energy we needed to produce one dollar of GDP by 50 percent."

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