Wednesday, May 28, 2008

Fuel protests may fuel paradigm shift in energy

Washington Post presents a story of things to come.

Europeans are beginning to protest over high fuel prices.

News flash: This is what happens when an oligopoly (OPEC) sees the end of its reign. They will jack prices to gather as much profit as possible and to flex what muscle they have remaining before their decline.

What seems like a bad thing now (high fuel prices) will actually benefit us all in the long run. It will encourage exploration of alternative fuel sources and the development of new technologies that reduce or eliminate our dependence on oil.

It's coming faster as a result of such actions.

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