Comment on Oil rises to $110. Goldman Sachs says we’ll be in the triple digits for years

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blarghly@lemmy.world ⁨1⁩ ⁨day⁩ ago

Much as lemmy hates to admit it, economics is a thing, and increased oil prices will drive consumers to make less oil-dependent choices for their transportation needs. Ideally, this would also come with effective pressure on local, state/provicial, and national governments to reform land se policies and invest in low-carbon infrastructure as well. But even if they don’t, people and businesses will eventually find the cheapest way to get around somehow.

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