Reasons to Love 3-Digit Oil

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Outrageous energy prices will make us seek "green solutions" and help motivate us to be better stewards of the most beautiful planet in our solar system. It might also embolden us to force our elected officials to stop squabbling and start funding alternative sources of clean energy.

...It seems clear to us that if oil were to rise much higher than $150 a barrel, its impact on the world economy would be severe. Probably, growth would short-circuit.

On the other hand, if oil prices fell back under $100 (as most drivers currently pray), everyone might breathe a sign of relief. But that relief would be short-lived.

Cheap oil now would only discourage new oil projects from coming online. It would put serious alternative energy development on hold. In the long run, energy would become even scarcer and more expensive...

Frankly, we hope oil prices decline a little from their current heights in the mid $130s -- perhaps to $110 or $120 -- and stay there for a while. We would be less troubled by dreams of an immanent economic disaster.

At the same time, we don't want oil to remain stable so long that the world becomes even more complacent about the energy squeeze. Even at today's high prices, people aren't nearly worried enough about oil.

Much has been made over the fact that Americans have cut back a little on gasoline consumption. Sure, some people are driving less due to high gas prices, but not most people. What's more, while oil consumption is down year-over-year, so is supply. And, unfortunately, supply has fallen faster than demand. So we are less secure, rather than more...

So the time to tell the politicians that we are "..mad as hell and we won't take this anymore"is now, right now! We want solar energy, we want sustainable sources of fuel that won't cause greenhouse gas pollution or poison the oceans and our drinking water. Not tomorrow, not next week, but right here and right now!

The only reason we should learn to love 3-Digit oil ($100-a-barrel up to $999) is because that is what it takes to get us fired up enough to break our addiction to toxic, environmentally hazardous forms of fuel like oil and for that matter coal.

Outrageous energy prices will make us seek "green solutions" and help motivate us to be better stewards of the most beautiful planet in our solar system. It might also embolden us to force our elected officials to stop squabbling and start funding alternative sources of clean energy.

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